The status and challenges in the development of GaN power devices are reviewed. At present, normally-off gate injection transistors (GITs) on Si are commercially available. The updated structure known as a hybrid-drain-embedded GIT provides superior reliability that contributes to the stable operation of compact power switching systems with high efficiency. The fabricated vertical GaN transistor on GaN as a future challenge demonstrates extremely low specific on-state resistance and high breakdown voltage. Metal-insulator-semiconductor-gate GaN transistor is also a technical challenge for faster switching, since it would give greater freedom of gate driving as a result of both high threshold voltage and widened gate voltage swing. Normally-off operation free from hysteresis in the current–voltage characteristics is confirmed in a recessed-gate AlGaN/GaN heterojunction field effect transistor using AlON as a gate insulator. Fast switching characteristics are experimentally confirmed for both of the newly developed GaN devices, indicating their great potential for practical use.