If a logic circuit was specialized to a specific input, the derived circuit would be faster and smaller than the original. This study presents various designs of a key-specific AES encryption circuit. In our iterative design, 41% of the logic gates and 20% of RAM were reduced, while 24% more performance was derived. In our pipelined design, 54% of the logic gates and 20% of RAM were reduced, while 74% higher performance was achieved. The results on DES encryption circuits are also presented for comparison.