I bought this card a while ago for a decent price, but I may know why.
This is a Tseng labs ET 4000W32i VGA card with 1Mb of video memory, chip number is ET4000AX. As you can see from the attached pictures there are corrupted groups of pixels that flash rapidly. Here is a video;
https://youtu.be/GgTMg_G7jSE Perhaps some people here know what sorts of things would cause this. I have tried re-seating all socketed ICs, and thoroughly inspecting the board for damage with no results. The monitor is a 4ish year old cheap LCD PC monitor. Interestingly, moving the player back and forth in that game sort of "cleans" the corrupted spots.
The test system is an intel 386sx with 4Mb of memory, I have a soundblaster AWE64 installed, and storage/floppy is handled by the "Chips" chipset on the motherboard. This motherboard is from an industrial computer, so the processor is on a card that slots into a passive 16b ISA backplane. I was not able to find any specific information on this vga card, all I know is that it had the CompuAdd branding on it.