As dimensions of ULSI devices continue to shrink at a phenomenal pace, novel materials are required for deep sub-micron high-performance logic and memory devices. This is especially true for gate dielectric, the heart of MOSFETs. The equivalent (i.e. normalized with respect to the dielectrics constant of SiO2 films) thickness of the gate dielectric is on the order of 2 nm (and thinner) in the state-of-the-art devices and is projected to be close to 1 nm in a few years. Direct tunneling currents, reliability, boron penetration from poly-Si gate, mobility degradation, and other fundamental issues are of a serious concern for such ultrathin oxides. In the presentation, I will first briefly overview gate oxide scaling issues.[1] Near-future silicon oxynitride solutions will be reviewed in short next.[2] This will be followed by a discussion of high dielectric constant (high-K) materials.[3,4] Processing issues, materials properties, physical characterization and electrical behavior of advanced gate dielectrics will be addressed.