Chord UK have been making DAC's for a few years now, that not only do all the DAC functions that a Sabre or Wolfsen used to do, but also handle clock re-timing, buffering, spdif/AES input receiving and USB input processing, all programmed within Xilinx FPGA chips. All these functions used to be handled by proprietary off the shelf chips with limited customization ability.
Chord's current series of products was limited by the FPGA's being only hundreds of thousands of transistor gates in size, so for example they would split the USB input functions off into a separate chip from the other functions. But now these chips are starting to become cost effective and available in much larger sizes, which means the only limit is going to be software/programing ability. Its an infant field for DAC manufacturers at this time.
I know Chord wery well. I even happen to have the Chord QuteHD DAC in my bedroom system (excellent DAC, BTW). Those DACs have been designed by Robert Watts, whom I also happen to know and spoken to on many ociasions. I belive his first design that used FPGAs was the SX64 DAC. It was made by dpa (now defunct). I still have the internal shot of my old SX64:
As you can see, the only off-the-shelf chips he used were opamps and the PDM100 HDCD digital filter. That was back in 1995.
If you would like to do some more reading on Sigma-Delta DACs on a FPGA - here is a nice paper:
http://www.ee.usyd.edu.au/people/philip.leong/UserFiles/File/papers/dac_fpt03.pdf
However, what we are discussing here, are the R2R ladder DACs, not Sigma-Delta DACs ! Hope you understand the design difference between the two by now.
That is exactly why I said that your statement about R2R ladder DACs on FPGAs is incorrect.
BTW, your earlier statement:
Chord and Jeff Rowland have recently built their entire DAC processing within a FPGA.
is also partially incorrect. Jeff uses an FPGA to store his digital filter, and still relies on a standard 'DAC on a chip' for digital to analog conversion, standard input receiver and USB receiver. Here is the internal shot of his AERIS DAC:
- the chip in the top left corner is a DAC. Here is a closeup:
Manufacturers like Theta and Wadia have been using custom digital filters stored on various FPGAs and DSPs for the past 20 years. So there in nothing really innovative about that DAC.