Yes, that is correct. Although RAM sticks are always sold with the capacity listed in Gigabytes, DRAM modules always list their capacity in Gigabits. It is just the way the industry does it. Also, like BannereusPrime was saying, these numbers seem a bit odd for desktop RAM, which we are accustomed to buying in measurements of 1, 2, 4, 8, and 16 GB, but mobile devices use 1.5, 3, 4.5, and 6 GB measurements of RAM all the time. Since this RAM offers much lower power consumption and higher performance than DDR3, I wouldn't be surprised to see it showing up in high-end smartphones.