Conexant's Wireless and Video Semiconductor Solutions Selected by LG Electronics for New LCD Television; Synergistic Technologies Enable New Class of Television.

NEWPORT BEACH, Calif. -- Conexant Systems, Inc. (NASDAQ:CNXT), a worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home, today announced that LG Electronics, a global player in electronics products for the digital era, has incorporated the company's PRISM GT(TM) 802.11g wireless and CX23416 MPEG-2 video chipsets in its new wireless liquid crystal display (LCD) television set. The wireless connection allows individuals to move the flat panel TV from place to place without having to unplug power cords and television cables. In addition, by simply connecting a transmitter to their wirelessly networked PC, consumers can access digital content that is stored on their hard drive, and enjoy entertainment such as music and movies on their new LCD television set. The CX23416 audio/video encoder incorporates the functionality of up to three different chips in a single device, enabling manufacturers to improve video quality while simplifying the product design process and reducing development costs.

"LG's new wireless LCD television clearly illustrates how networking and media processing technologies are converging to create a new class of home electronics products for today's digital lifestyle," said Chee Kwan, vice president of Wireless Data and Networking Components for Conexant. "LG is recognized as a leader in the development of distinctive consumer electronics merchandise, and we are pleased that they are using our semiconductor solutions for this revolutionary new product. We remain committed to delivering cost-competitive, wireless solutions to market, and expanding the scope of our video business to include applications outside the PC."

"We are dedicated to securing product and market leadership position through rapid innovation and fast growth, which makes it essential for us to choose a silicon partner that has these same traits," said John Taylor, vice president of Public Affairs and Communications for LG Electronics. "We are confident that Conexant's proven expertise in wireless LAN and video technologies and superior customer support will help us achieve these very important objectives."

Conexant offers an extensive suite of WLAN solutions including IEEE 802.11a/b/g and dual-band (2.4 and 5 GHz) chipsets, firmware, software, drivers and reference designs. The company's PRISM GT semiconductor solution supports data transmission rates up to 54 Mbps. It is Wi-Fi-certified and fully compliant to IEEE 802.11b and IEEE 802.11g standards. The chipset's cost and performance advantages make it well-suited for high-bandwidth consumer applications such as wireless video transfers, advanced home networking applications and multi-channel CD-quality audio and DVD-quality video streaming.

Conexant's video and multimedia product offering encompasses components and system solutions for all major consumer video applications ranging from standard and high-definition video to interactive consumer entertainment services delivered through a set-top box, PC, digital video recorder or game console. The CX23416 includes several features that provide end-users with high-quality pictures. For example, pre-filtering improvements include built-in noise filters that dynamically improve images in the pre-processing stage while reducing elementary stream bit rates. Other features include an increased motion search range, the de-coupling of motion estimation from encoding, and an adaptive quantization scheme.

About LG

LG Electronics is a major global player in electronics and telecommunications, operating 72 subsidiaries around the world with over 55,000 employees worldwide. LG Electronics focuses on telecommunication equipment, mobile handsets, digital TV, CD-RW, DVD-RW, PCs, monitors and PDPs. LG Electronics is strengthening core competencies even more to further its reputation as the "digital leader" in electronic products and equipment in the digital era.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications, enterprise networks and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant's suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(SM) and HomePNA(TM). The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded more than $900 million in revenues in fiscal year 2004. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com.

Safe Harbor Statement

This press release contains statements relating to our future results (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: 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 of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; and the risk that the businesses of Conexant and GlobespanVirata will not be integrated successfully, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Conexant is a registered trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.