If you can do ASIC design, you can probably do FPGA design. FPGA design is a pretty easy thing to do remotely, it's not ALL that different from software work. I know a bunch of consultants who make very good money living where they desire, working from home, doing FPGA design for industrial customers. Granted, these people aren't fresh college graduates since they're experienced engineers, but there are a good number of them out there.