The CMOS (Complementary Metal-Oxide-Semiconductor) Inverter is the most basic building block of digital integrated circuits. It performs the logical NOT operation: inputting a 0 results in a 1, and vice versa.
It consists of two transistors connected in series between the supply voltage ($V_{DD}$) and ground ($GND$):
The VTC curve plots $V_{out}$ vs. $V_{in}$. Ideally, it's a sharp step function. In reality, there is a transition region where both transistors are partially ON, consuming **short-circuit power**.
\[ V_M = \frac{V_{DD} - |V_{tp}| + V_{tn} \sqrt{\beta_n / \beta_p}}{1 + \sqrt{\beta_n / \beta_p}} \]
The switching threshold ($V_M$) is where $V_{in} = V_{out}$. It is typically designed to be $V_{DD}/2$ by balancing the transistor sizes ($\beta_n \approx \beta_p$).
Adjusting sizes changes the switching threshold ($V_M$). PMOS is usually wider to balance mobility.