An application-specific integrated circuit (ASIC) is a chip customized for mining, rather than intended for general-purpose use (such as GPU). Such a device may provide much better mining performance than GPU.
The Innosilicon T2 Terminator was produced by Innosilicon and released in 2018. This miner consumes 1570W, producing 17.2 Th/s of hashrate with the sha-256 algorithm, which makes this device almost (if not at all) useless. We do not recommend buying this device for mining nowadays.