Now if the largest chip on the DAC board is an FPGA....
I know it is not uncommon for the better than average DAC makers to use an off-the-shelf DAC, but none of the built-in filters, instead programming their own. However, Mike has said that the Yggy will keep all the bits going through, so he must have programmed something I reckon.
Jason already said that they are using programmed DSP and not FPGA for filtering. But yeah, the DSP chip would be large and square, too.
I'm looking at the mil spec DAC8581, altho the datasheet is stamped that it's not recommended for new designs (new replacement chip?) and I'm not sure it's even suitable for audio application. What's the difference in SQ between 'resistor string' and 'resistor ladder'? 2 aspects of it that is intriguing, tho, is that it calls for an off-chip digital filter, such as the DSP that Schiit is implementing, and that it allows for a piece-wise linear (PWL) approximation to cancel linearity errors from the resistor string, which can also be resourced from DSP program. Hell, if true bit perfect data retention can be obtained via the closed form equations in the 1917 Western Electric paper that they're programming the 18K+ timing interpolation filter taps algorithm from, then quite maybe they won't need PWL approximation for resistor mismatch error.
I don't think the Schiit guys are big fans of the PCM1704. I'm sure the constant availability/retirement alerts wouldn't give any manufacturer confidence to base a product off of it. Based on DACs that I've heard (and there are always good, mediocre, and bad implementations), I'm beginning to think the PCM63 was the pinnacle of DAC chips. Another favorite would be the UltraAnalog, with the UltraAnalog being smoother and organic, and the PCM63 being cleaner and more precise. All PCM1704 implementations had at least some murkiness in the bass and a tendency of sounding soft.
I'm beginning to think that as long as they get the digital filtering right, it doesn't much matter which multi-bit
R2R chip they use. Quite of bit of latitude in the implementation. I may be having an epiphany here.
MOAR EDIT: OK. If the 24-bit PCM1704 isn't in play because it sounds like "ass" compared to the PCM63, then my vote is the 16-bit
PCM56, which is still in production, even if not recommended for new design. Note that the analog output signal filter requirements are greatly simplified through the use of 2-channel digital oversampling, up to 4x per DAC chip (page 8). 'Course I could completely be talking out of my own ass if not hat. The PCM56U is fairly square, too.