I’ve long wondered what the reason was for some manufacturers necking down the shaft of hex power bits. I find it very annoying for some reason, likely because I don’t know why it is done. There must be a reason as it’s costing them money in machining to make chips out of that material. Other (reputable) brands leave it full diameter or full hex all the way to the business end. It doesn't seem to be related to bit size as you can find examples of each in all of the sizes.
Any ideas?

Any ideas?
