The results of an investigation of time-dependent dielectric breakdown (TDDB) of thin gate oxide and nitride–oxide (N–O) films are presented for a wide range of fields and temperatures. It was found that TDDB of both gate oxide and N–O films followed a power-law dependence of mean value ( I avg ) of average leakage current ( I avg). An empirical extrapolation model using average leakage current as a major parameter was proposed based on experimental results. This proposed ( I avg ) lifetime model has been successful to predict dielectric reliability. It could continuously fit the entire breakdown data from both wafer level and module level stress. The extrapolation from wafer level data to module data was excellent. The power of current versus TDDB showed exponential dependence on oxide thickness. This proposed TDDB projection methodology also worked for N–O films with an abrupt current increase in the I– V curve at a certain voltage well below the breakdown voltage, while the conventional models clearly failed to fit all data from this region. The observation of TDDB dependence of the current may open a new window for oxide lifetime projections and provide some insights into the nature of oxide breakdown and its implications for reliability studies.