The NA48 charged trigger is a mixed hardware and software real-time processing system intended to detect the interesting configurations of K0 charged decays. It achieves real-time event building, track reconstruction and kinematics computation on drift chamber data at an event rate of 100kHz and within a maximum decision latency of 100μs. The system uses data driven, FPGA-based coordinate builders, a hardware event builder based on a crossbar switch, and a farm of up to 16 event processors for its software part. It has been installed and operated at CERN since 1995. After a description of the constraints and architecture of the various subsystems, the paper gives an account of the results and performance of the system based on the 1996/1997 runs. More specifically, the replacement of the present DSP-based implementation of the processing farm by RISC processors will be discussed.