Conexant Enables Phone Manufacturers To Produce A Full Line Of Digital Spread Spectrum (DSS) Cordless Phones Based On Its Newest Chipset Offering

Conexant Expands Family of Industry-Leading Cordless Phone Chipsets, Adding Caller ID and 2.4 GHz Technology

Newport Beach, CA. Conexant Systems, Inc. (NASDAQ: CNXT) today introduced a chipset family for DSS cordless phones to meet a variety of customer design needs, feature requirements and price points. Conexant s latest offering supports caller ID, two-line, speakerphone and voice messaging for both the 900 MHz and 2.4 GHz frequency bands, allowing phone manufacturers to produce a complete line of cordless phones based on one complete chipset solution. DSS technology provides the longest range, greatest clarity and highest security available in a cordless phone.

"2.4 GHz functionality and caller ID are two cordless phone features that are now in demand by retailers and consumers alike," said Dale Ford, director and principal analyst at GartnerGroup/Dataquest. "Conexant s new chipsets will enable manufacturers to quickly bring to market DSS cordless phones that meet growing customer demand for these leading-edge features."

According to industry analyst firm GartnerGroup/Dataquest, the semiconductor market for digital cordless handsets will grow to almost $1.4 billion in 2003 with unit sales of 900 MHz DSS cordless phones reaching more than 37 million units by 2003. "We expect to see continued growth in unit sales of DSS cordless phones as DSS is rapidly replacing older analog technologies on the market," added Ford.

"In 1995, Conexant introduced the first complete semiconductor solution for 900 MHz DSS cordless phones. Today, we continue to lead the market with this fourth generation offering," said Scott Bibaud, director of marketing for Conexant s Wireless Communications Division. "We are excited that consumers are starting to understand and demand the increased clarity, range and privacy that DSS provides."

Conexant s cordless solution - consisting of a 900 MHz or 2.4 GHz transceiver, a RF power amplifier and a baseband device - provides unmatched flexibility for phone manufacturers. Because Conexant s 900 MHz and 2.4 GHz solutions use the same baseband technology, only the radio must be modified to make a 2.4 GHz phone - resulting in more streamlined design cycles and faster time-to-market. Furthermore, Conexant is among the first to support Multiple Extension Interfacing (MEI) hardware and software, which optimizes caller ID functionality between multiple phones. The chips flexible hardware and software architecture makes it easy for customers to customize their own products and differentiate themselves in this highly competitive market segment.

Available now, Conexant s new DSS chipsets are priced starting at $25 in quantities of 100K.

This press release contains statements relating to future results of the company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: global and market conditions, including, but not limited to, the cyclical nature of the semiconductor industry and the markets addressed by the company s and its customers products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability and extent of utilization of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful implementation of the company s diversification strategy; labor relations of the company, its customers and suppliers; timely completion of Year 2000 modifications by the company and its key suppliers and customers; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company s Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.

With revenues of approximately $1.5 billion, Conexant is the world s largest independent company focused exclusively on providing semiconductor products and systems solutions for communications electronics. With more than 30 years of experience in developing communications technology, the company draws upon its expertise in mixed-signal processing to deliver integrated systems and semiconductor products for a broad range of communications applications. These products facilitate communications worldwide through wireline voice and data communications networks, cordless and cellular wireless telephony systems, personal imaging devices and equipment, and emerging cable and wireless broadband communications networks. The company aligns its business into five product platforms: Network Access, Wireless Communications, Digital Infotainment, Personal Imaging, and Personal Computing. Conexant is a member of the Nasdaq-100 Index, which represents the largest and most active stocks listed on The Nasdaq Stock Market across major industry groups.

For more information, visit Conexant at www.conexant.com.

Conexant editorial contacts:
Carol Thornton
Conexant Systems, Inc.
Tel: 949-483-7413
carol.thornton@conexant.com