The document discusses the Silicon Controlled Rectifier (SCR), which acts as a switch that is cheaper than a relay and can handle large power dissipation. The SCR has a four-layer construction like a conventional rectifier but includes a third gate terminal that controls the rectifier conduction. When a positive voltage is applied to the anode and gate, current will flow through the device, turning it on. Once on, it remains on even after the gate signal is removed, as long as the minimum holding current is maintained.