Most modern diodes are based on semiconductor p-n junctions. In a p-n diode, conventional current can flow from the p-type side (the anode) to the n-type side (the cathode), but not in the opposite direction.
Another type of semiconductor diode, the Schottky diode, is formed from the contact between a metal and a semiconductor rather than by a p-n junction.

A semiconductor diode's current-voltage, or I-V, characteristic curve is ascribed to the behavior of the so-called depletion layer or depletion zone which exists at the p-n junction between the differing semiconductors. When a p-n junction is first created, conduction band (mobile) electrons from the N-doped region diffuse into the P-doped region where there is a large population of holes (places for electrons in which no electron is present) with which the electrons "recombine". When a mobile electron recombines with a hole, the hole vanishes and the electron is no longer mobile. Thus, two charge carriers have vanished. The region around the p-n junction becomes depleted of charge carriers and thus behaves as an insulator.

However, the depletion width cannot grow without limit. For each electron-hole pair that recombines, a positively-charged dopant ion is left behind in the N-doped region, and a negatively charged dopant ion is left behind in the P-doped region. As recombination proceeds and more ions are created, an increasing electric field develops through the depletion zone which acts to slow and then finally stop recombination. At this point, there is a 'built-in' potential across the depletion zone.

If an external voltage is placed across the diode with the same polarity as the built-in potential, the depletion zone continues to act as an insulator preventing a significant electric current. This is the reverse bias phenomenon. However, if the polarity of the external voltage opposes the built-in potential, recombination can once again proceed resulting in substantial electric current through the p-n junction. For silicon diodes, the built-in potential is approximately 0.6 V. Thus, if an external current is passed through the diode, about 0.6 V will be developed across the diode such that the P-doped region is positive with respect to the N-doped region and the diode is said to be 'turned on' as it has a forward bias.


A diode's I-V characteristic can be approximated by two regions of operation. Below a certain difference in potential between the two leads, the depletion layer has significant width, and the diode can be thought of as an open (non-conductive) circuit. As the potential difference is increased, at some stage the diode will become conductive and allow charges to flow, at which point it can be thought of as a connection with zero (or at least very low) resistance. More precisely, the transfer function is logarithmic, but so sharp that it looks like a corner on a zoomed-out graph (see also signal processing).

In a normal silicon diode at rated currents, the voltage drop across a conducting diode is approximately 0.6 to 0.7 volts. The value is different for other diode types - Schottky diodes can be as low as 0.2 V and light-emitting diodes (LEDs) can be 1.4 V or more (Blue LEDs can be up to 4.0 V).

Referring to the I-V characteristics image, in the reverse bias region for a normal P-N rectifier diode, the current through the device is very low (in the µA range) for all reverse voltages up to a point called the peak-inverse-voltage (PIV). Beyond this point a process called reverse breakdown occurs which causes the device to be damaged along with a large increase in current. For special purpose diodes like the avalanche or zener diodes, the concept of PIV is not applicable since they have a deliberate breakdown beyond a known reverse current such that the reverse voltage is "clamped" to a known value (called the zener voltage or breakdown voltage). These devices however have a maximum limit to the current and power in the zener or avalanche region.