Conexant's Dual-RF Tuner Wins ``Best Silicon Innovation'' in Annual ``Cable and Satellite'' Award Competition; Consecutive Wins Highlight Conexant's Track Record of Innovation in Satellite Set-top Box Solutions.

NEWPORT BEACH, Calif. -- Conexant Systems, Inc. (NASDAQ:CNXT), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that its CX24128 dual-RF satellite tuner was selected as the winner in the "Best Silicon Innovation" category in the Cable and Satellite International (CSI) Product of Year competition. The CX24128 is used in set-top box (STB) products with personal and digital video recording (PVR/DVR) capabilities. It is the first semiconductor product in the world with two integrated RF tuners on a single die, which allows manufacturers to reduce bill-of-material costs, while saving board space and simplifying RF design layout. The device also supports advanced modulation and coding specifications that provide satellite operators with higher data rates and increased capacity to deliver additional high-definition television (HDTV) channels and services using existing bandwidth and infrastructure.

This is the second year in a row that Conexant has won this important award. Last year, the company's HDTV STB semiconductor system solution won in both the "Best Silicon Innovation" and "Best HDTV Technology or Project" categories.

The award was presented to Conexant at a ceremony at the RAI convention center in Amsterdam, The Netherlands, during the International Broadcasting Convention (IBC). The entries in the fourth annual competition were judged by an independent panel of experts including current and former heads of engineering and operations at some of the world's largest network operators, consultants, and senior industry analysts.

"Having our dual-RF tuner chosen as 'Best Silicon Innovation' by a stellar panel of industry experts is an outstanding accomplishment for Conexant, and a win for our customers as well," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "We work closely with operators and set-top box developers to ensure we clearly understand their needs, and then focus on developing innovative products that help solve their real-world challenges. Winning this award for the second consecutive year illustrates our commitment to developing leading-edge solutions that help our customers compete more effectively, and highlights our continued track record of innovation."

Conexant offers a comprehensive suite of digital STB components and system solutions for worldwide satellite, terrestrial, cable and IP entertainment broadcasting networks. The company's product offering includes silicon tuners, demodulators, MPEG audio and video decoders, and dial-up modems for back-channel applications. Complete reference designs that help manufacturers reduce cost and speed time-to-market are also available, bundled with a range of operating systems, middleware, drivers and development tools.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications 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 802.11-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(R) 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 with an annual revenue run-rate in excess of $1 billion. The company has approximately 2,800 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor 

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Conexant or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

These risks and uncertainties include, but are not limited to: the uncertainties of litigation, including claims of infringement of third-party intellectual property rights or demands that we license third-party technology and the demands it may place on the time and attention of our management and the expense it may place on the company; the risk that capital needed for our business and to repay our convertible notes will not be available when needed; the risk that the value of our common stock may be adversely affected by market volatility; general economic and political conditions and conditions in the markets we address; the substantial losses we have incurred; the cyclical nature of the semiconductor industry and the markets addressed by our products and our customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of our new and existing products; our successful development of new products; the timing of our new product introductions and our product quality; our ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in our product mix; product obsolescence; the ability of our customers to manage inventory; our ability to develop and implement new technologies and to obtain protection for the related intellectual property; and possible disruptions in commerce related to terrorist activity or armed conflict, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings.

The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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