A system and method for power control for ASIC device is disclosed. According to an embodiment, the present invention provides a system for adjusting power consumption of an application specific integrated circuit (ASIC) device. The system includes a first buffer that is configured to receive and store data. For example, the first buffer can be characterized by a first buffer level. The method also includes a controller configured to generate a control signal. According to an embodiment, the controller is coupled to the first buffer. The system additionally includes a power supply component, which is configured to receive the control signal and to provide at least at a first voltage and a second voltage. For example, the first voltage and the second voltage are different. The system further includes a processing unit coupled to the first buffer, the processing unit further being configured to receive the data from the first buffer and to process the data, the processing unit being electrically coupled to the power supply component.