The relationship between information density and cost per bit can be illustrated as follows: a memory chip that is half the physical size means that twice as many units can be produced on the same wafer, thus halving the price of each one. As a comparison, DRAM was first introduced commercially in 1971, a 1 kbit part that cost about $50 in large batches, or about 5 cents per bit. 64 Mbit parts were common in 1999, which cost about 0.00002 cents per bit (20 microcents/bit).