Multi-channel FinFET (M ch -FinFET) is an emerging device having promising use due to its excellent driving capability. In this paper, we have investigated the significance of multiple channels of FinFET configuration. We have examined the performance of the multi-channel-based step FinFET (M chstep FinFET) structure with spacer engineering. The results obtained from this simulation work indicate that M ch -step FinFET is a good competitor for future improvisation of CMOS technology. The proposed device has improved drain conductivity, transconductance (G m ), intrinsic gain (A v ), and drain conductance (G d ) performance by introducing high-K dielectric spacer material by 38.2%,46.12%, 88.57%, and 22.55%, respectively. The proposed device with a spacer is preferable to obtain better performance regarding ON current and device efficiency.INDEX TERMS Semiconductor device, Short Channel effect (SCE), Subthreshold swing (SS), Bipolar Junction transistor (BJT).