Conexant Introduces the World's First Complete HomePlug-Certified Router Gateway Semiconductor Solution.

Business Editors/High-Tech Writers

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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 14, 2002

New System Solution Enables Low-Cost Networking Over a Home's

Standard Power Lines

Conexant Systems, Inc., (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced the world's first complete HomePlug 1.0 certified system solution for building home router gateways.

This router system solution enables up to 14 megabit-per-second (Mbps) networking rates over a home's existing electrical wiring. Conexant's HomePlug system solution includes a reference design, the company's industry-leading CX82100 home network processor (HNP), CX11656 HomePlug 1.0 physical layer (PHY) transceiver and an analog front-end.

"For broadband customers, HomePlug power line technology represents a cost-effective, and easy-to-implement home networking solution using standard power outlets," said Peter Kempf, vice president of Business Development and Technology Planning for Conexant's Broadband Communications Segment.

"Conexant is the only company that offers a complete, fully certified HomePlug solution for manufacturers building router gateways, allowing them to streamline development efforts, and quickly introduce new products for this emerging market. This new offering further extends Conexant's comprehensive broadband communications product portfolio, and highlights our commitment to delivering innovative products for the home digital entertainment and information network markets."

"The consumer has realized that the value of the broadband connection increases in direct proportion to the number of devices that is connected to it, and this has resulted in surprising demand for home routers and gateway over the past 12 months," said Mike Wolf, director of Enterprise and Residential Communications at In-Stat/MDR, a market research firm.

"We expect the overall broadband home gateway market, including wired and wireless routers, to grow 103 percent in 2002 to approximately 5 million units. Conexant and their new no-wires-needed powerline offering will be well positioned to take advantage of this growth."

Conexant's HomePlug 1.0-certified reference design builds upon the company's industry-leading home network processor, allowing existing HNP customers to leverage previous software investments and incorporate HomePlug technology into their product lines. In addition, designers can use the reference design to test and verify products early in the development cycle, which can reduce engineering efforts, save costs and accelerate time-to-market.

Pricing and Availability

Conexant's certified HomePlug and Federal Communications Commission (FCC)-compliant semiconductor system solution, which includes a reference design, the CX82100 HNP, and the CX11656 PHY, is priced at $18 in quantities of 25,000. The CX82100 is packaged in a 196-pin ChipArray(TM) ball grid array (CABGA) and the CX11656 is packaged in a 144-pin low quad flat pack (LQFP).

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, headquartered in Newport Beach, Calif., delivered revenues of $1.1 billion for fiscal 2001. The company is a member of the Nasdaq-100 market index. 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: 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 broadband communications and Internet infrastructure businesses; the ability to attract and retain qualified personnel; 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 and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.

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