Yes. A byte is 8 bits. For the PS2's main RAM, 32 megabytes is 32*1024*1024*8 = 268,435,456 bits large. With DRAM, at one transistor per bit, the transistor count would be about 268M. For the PS2 GPU's EDRAM, at 4 megabytes, the transistor count would be 4*1024*1024*8 ~= 33.5M.
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