Conexant's Satellite Set-Top Box Solution Wins "Leading Product Award" in EDN China Innovation Competition.

Winning Consumer Electronics IC Developed in Shanghai Design Center

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 CX2430X family of MPEG decoders for free-to-air satellite set-top boxes (STBs) received the "Leading Product Award" in the Consumer Electronics Category in the EDN China Innovation Award 2006 competition. The system-on-chip (SoC) decoders were developed in Conexant's Shanghai design center, which is focused on developing STB chips for worldwide applications.

The award was presented to Conexant yesterday evening at a ceremony in Shenzhen. The 131 entries in the competition were judged by a panel of specialists that included representatives from academic and research institutions, universities, and leading Chinese original equipment manufacturers.

"We are honored that our CX2430X MPEG decoders were chosen for this important award by a group of esteemed industry experts," said Lewis Brewster, executive vice president and general manager of Conexant's Broadband Media Processing business. "We are especially pleased because this leading-edge product development effort was spearheaded by engineers in our Shanghai design center. Conexant has a long history in China, and we remain focused on delivering innovative solutions that will help Chinese manufacturers design and develop products for domestic and international markets."

The CX2430X family can be used for applications ranging from basic STB functionality to advanced STB applications. The devices include an integrated high-speed data port that easily interfaces to a variety of broadband front-ends, allowing the decoders to serve as a common back-end platform for satellite, terrestrial, and cable platforms. In addition, the decoders can be used with our satellite tuners to form a complete front- and back-end system solution. This flexibility, along with the robust feature set, provides manufacturers with economies of scale as they can leverage a single device across multiple product offerings.

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 3,200 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

Safe Harbor Statement

"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 the forward-looking statements.

These risks and uncertainties include, but are not limited to: the risk that capital needed for our business and to repay our indebtedness 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; 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 our company; 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.

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