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What Is the Difference between an ASIC and an FPGA in Terms of Flexibility?

An Application-Specific Integrated Circuit (ASIC) is a fixed, purpose-built chip with no flexibility, designed for only one hashing algorithm. A Field-Programmable Gate Array (FPGA) is a semiconductor device that can be reconfigured after manufacturing to perform various tasks.

FPGAs offer a middle ground: they are more flexible than ASICs, allowing algorithm changes, but less efficient than ASICs and more efficient than GPUs.

What Is the Fundamental Difference in Architecture between a GPU and an ASIC That Makes the Latter More Efficient for Mining?
Why Are ASICs More Vulnerable to Obsolescence than GPUs?
How Does the Choice between ASIC and GPU Affect a Miner’s Ability to Switch Coins?
How Does the ‘Stock-to-Flow’ Model of Bitcoin Relate to the Consistent Supply of New ASICs?