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Why are Digital to Analog converter ICs so expensive?

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fuper

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I was looking around at DACs after playing with one on a arduino kit. I was kinda shocked that they start out at 2 bucks a pop in single quantities and quickly jump from there.
 
You can build one using a small microcontroller. Read the number in and convert it to pulse width modulation. You can run that through a capacitor if you need a smooth voltage output.
 
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