This document provides an overview of MOS transistor theory and CMOS transistor characteristics. It discusses the MOS capacitor operating modes of accumulation, depletion and inversion. It then derives the current-voltage relationships for nMOS transistors in cutoff, linear and saturation regions based on the channel charge and carrier velocity. Similar derivations are provided for pMOS transistors. An example calculation is also shown for an nMOS transistor in a 0.6um process to plot drain current versus drain-source voltage.