The IGBT is a semiconductor device that combines the characteristics of both a MOSFET and a BJT. It has high input impedance like a MOSFET but is able to handle high voltages and currents like a BJT. The IGBT has three terminals - a gate, collector, and emitter. It is turned on by applying a positive voltage above the threshold at the gate and turned off by removing this voltage. IGBTs are widely used in applications that require high power switching such as motor drives, power supplies, and solar inverters.