Conexant Expands Broadband ADSL Deployment to Latin America; Telecom Argentina Selects Conexant-Based Dual-Mode Ethernet/USB ADSL Routers.

Business Editors & High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 29, 2002

Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that the deployment of its broadband Ethernet/universal serial bus (USB) asynchronous digital subscriber line (ADSL) technology has now expanded to Latin America.

Telecom Argentina has selected Technology Bureau's dual-mode ADSL router for nationwide business and residential deployment.

Technology Bureau, a leading communications provider in South America will incorporate Conexant's AccessRunner(TM) ADSL Ethernet/USB solution into their TAINET CA61E dual-mode ADSL router.

"We're proud to work with Technology Bureau to deliver next-generation broadband communications products to Latin America," said Chee Kwan, vice president of broadband products for Conexant. "Combining the design simplicity of our Ethernet/USB router product and its capabilities provides both business and residential customers with cost-effective, high-speed Internet access."

"The number of xDSL lines in Latin America is expected to reach approximately 5 million by 2005," said Adrian Zamel, president of Technology Bureau. "Conexant has helped us integrate a cost-effective product with a rich feature-set that is ideal for mass deployment. We are excited to deliver this product to Telecom Argentina and look forward to extending Conexant's technology in Latin America."

About ADSL

ADSL is a broadband modem technology that transforms ordinary phone lines into high-speed digital lines for ultra-fast data transfer. With a maximum speed of 8Mbps downstream and 1Mbps upstream, ADSL technology is ideal for high-speed, always-on Internet access.

Additionally, ADSL technology can be used with existing phone lines and can coexist with regular Plain Old Telephone Service (POTS) on the same pair of wires.

About Conexant

Conexant Systems, Inc. is a worldwide leader in semiconductor system solutions for communications applications. Conexant leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through three separate businesses that address the wireless communications, broadband access and Internet infrastructure markets.

Conexant's wireless communications business is focused on providing power amplifiers, radio-frequency subsystems and complete systems solutions. The broadband access business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies, 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 and long-haul networks.

Conexant, headquartered in Newport Beach, Calif., delivered revenues of $1.1 billion for fiscal 2001. The company is a member of the S&P 500 and Nasdaq-100 indices. To learn more, visit us at www.conexant.com or www.mindspeed.com.

About Technology Bureau

Technology Bureau S.A. is a corporation under Argentine laws, having its registered address in Buenos Aires. It develops its activity designing, providing, installing and maintaining digital telecommunication networks. To this purpose the company integrates state-of-the-art equipment and technologies developed by the most important corporations around the world that it represents in an exclusive basis within the Argentine territory. To learn more, visit the company at www.technology-bureau.com.ar.

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: global economic and market conditions, such as 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 separation of the company's Internet infrastructure and personal networking businesses; the successful merger of the company's wireless business with Alpha Industries, Inc.; the ability to attract and retain qualified personnel; labor relations of the company, its customers and suppliers; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to the security and safety risks of our employees and of company facilities and those risks and uncertainties 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, AccessRunner and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.