Conexant's ADSL Chipsets Shipping in New Broadband Products From Zoom Technologies; Zoom Launches New ADSL Modem Family Into Worldwide Retail, Distribution and ISP Channels.

Business Editors & High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 21, 2003

Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that Zoom Technologies Inc. (Nasdaq:ZOOM), a leading manufacturer of modems and other data communications products, has incorporated Conexant's asymmetric digital subscriber line (ADSL) semiconductor solutions into four new ADSL modems and residential gateways.

The new products include two residential gateways that combine an ADSL modem with an integrated local area network (LAN) router, a peripheral component interconnect (PCI) internal ADSL modem and a universal serial bus (USB) external ADSL modem for Windows computers.

"We're pleased to expand upon our long-standing relationship with Zoom," said Chee Kwan, vice president of broadband access products for Conexant's Broadband Communications Segment.

"The interoperability of our ADSL products with all major industry standards enables Zoom to leverage the design simplicity of a single device across multiple product lines, affording them cost-benefits through both economies of scale and by reducing the engineering resources required to bring a product to market.

"Zoom's channel strength makes it possible for them to deliver high-volume and cost-competitive, broadband Internet access products to thousands of retail outlets and consumers in the U.S., Europe and Asia."

"The high performance of the Conexant products and team make Conexant a great choice for Zoom," said Frank Manning, president of Zoom Technologies. "We use Conexant semiconductors in a wide range of dial-up and broadband modem products, and have a great deal of respect for Conexant as a strategic partner."

Conexant has one of the industry's most comprehensive portfolios of products and technologies for broadband digital information and entertainment networks, including dial-up and broadband modems, home networking processors, set-top box systems and components, a comprehensive suite of video and multimedia semiconductors and system solutions.

The company's ADSL chipsets and software systems solutions are optimized to address the growing demand for high-speed connectivity. With a portfolio of form-factor options from internal PCI to external USB and stand-alone bridge/routers, Conexant's ADSL product offering is ideal for a wide range of applications.

About Zoom

Zoom Technologies, a communications leader since 1977, designs, produces and markets dial-up modems, cable and ADSL modems, home and small office networking devices, and other data communication products under the Zoom, Hayes and Global Village brands. Zoom products are available in thousands of the highest volume computer retailers worldwide. For more information visit Zoom at www.zoom.com.

About Conexant

Conexant Systems, Inc., a worldwide leader in semiconductor system solutions for communications applications, leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through two separate businesses.

The Broadband Communications business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies(TM), the company's Internet infrastructure business, designs, develops and sells a complete portfolio of semiconductor networking solutions that facilitate the aggregation, transmission and switching of data, video and voice from the edge of the Internet to linked metropolitan area networks.

Conexant is headquartered in Newport Beach, Calif. To learn more, visit us at www.conexant.com or www.mindspeed.com.

Safe Harbor Statement

This news release contains statements relating to future results of Conexant (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 successful implementation of the company's expense reduction and restructuring initiatives; the successful separation of the company's Broadband Communications and Mindspeed Technologies(TM) businesses; the ability to attract and retain qualified personnel; and the uncertainties of litigation, as well as other risks and uncertainties, including 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.

Note to Editors: Conexant and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.