A semiconductor device comprises a first semiconductor layer of a first conductivity type provided on a semiconductor substrate of the first conductivity type, a base layer of a second conductivity type provided in the first semiconductor layer, for defining a vertical MISFET including source regions and a gate electrode on a gate insulation film, a Schottky barrier diode (SBD)-forming region provided in the first semiconductor layer around the base layer, a guard ring region of the second conductivity type provided around SBD-forming region, a first main electrode disposed above the first semiconductor layer and provided in common as both a source electrode of the MISFET and an anode of the SBD, a surface gate electrode disposed above the first semiconductor layer, and a second main electrode provided in common as a drain electrode of the MISFET and a cathode of the SBD.
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