Nanotechnology is a rapidly developing field that offers numerous benefits across industries. Nanomaterials, which are materials that are sized between 1 and 100 nanometers, have unique properties such as a high surface-to-volume ratio, which increases reactivity and enables quick reactions. Their optical properties are particularly useful in electronics, with materials like quantum dots and graphene improving power density and efficiency in electronic devices. Additionally, advancements in charge relaxation techniques have improved the electrical and dielectric properties of thermal interface materials, which are essential for maintaining consistent device output without overheating, but integrating components and sensors can be challenging. This study focuses on enhancing current sensing techniques for wide-bandgap power converters, which are crucial for diagnosis, monitoring, and control. Nanotechnology has vast potential for innovation and promises continued growth and integration of nanomaterial-based technologies across diverse electronic applications.