An In0.5Ga0.5P/GaAs double heterojunction bipolar transistor with a δ-doped wide-gap collector structure has been fabricated and studied. Experimental results show that this device exhibits the advantages of a small offset voltage of 50 mV, a small saturation voltage of 1 V, and a large breakdown voltage of 20 V with a current gain of 20. These good characteristics are mainly due to the complete elimination of potential spike at emitter–base and base–collector heterojunctions. Consequently, the studied device shows a good promise for high-speed, high-power, lower-power consumption and large input signal circuit applications.