wafers, and producing wafers with fewer failures. The lower limit on this process is about $1 per completed chip due to packaging and other costs. 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). See also Bekenstein bound Bit cell the length, area or volume required to store a single bit Mark Kryder, who projected in 2009 that if hard drives were to continue to progress at their then-current pace of about 40% per year, then in 2020 a two-platter, 2.5-inch disk drive would store approximately 40 terabytes (TB) and cost about $40. Patterned media Shingled magnetic recording (SMR) References Density Computer storage media