Design points and the results seen in the development of a dynamically reconfigurable logic LSI, PCA-2, are described. PCA-2 enables the realization of flexible parallel processing based on the autonomous reconfiguration of logic circuits. To realize this feature, we introduce an asynchronous circuit design and a homogeneous cell array structure. PCA-2 represents an advance on the earlier LSI, PCA-1. Cutting edge CMOS technology is used to realize the structural merits of PCA hardware. Compared to PCA-1, PCA-2 offers 16 times greater integration level for programmable logic. Due to miniaturization and design refinement, PCA-2 provides a 6-fold increase in the circuit frequency of the configuration controller and a 3-fold increase in the operating frequency of the programmable logic. The results gained confirm the effects of refinement and the suitability of our architecture for device miniaturization.