In the memory industry, DRAM chip densities are often described by their cell organization. The first number in the expression indicates the depth of the chip (in locations) and the second number indicates the width of the chip (in bits). If you multiply the depth by the width, you get the density of the chip.
Each memory chip is a matrix of tiny cells. Each cell holds one bit of information. Memory chips are often described by how much information they can hold. We call this chip density. You may have encountered examples of chip densities, such as "64Mbit SDRAM" or "8M by 8". A 64Mbit chip has 64 million cells and is capable of holding 64 million bits of data. The expression "8M by 8" describes one kind of 64Mbit chip in more detail.
Your chip is 32MX8 which has a density of 256 (32MX8=256) Its a High Density Memory chip.