Conexant Reports Equity Grants under NASDAQ Marketplace Rule 4350.

NEWPORT BEACH, Calif. -- Conexant Systems, Inc. (NASDAQ:CNXT) today announced that on Sept. 10, 2007 it granted stock options, performance restricted stock units and restricted stock units to Karen Roscher, its new senior vice president and chief financial officer, as an inducement material to her entering into employment with the company.

Roscher's stock option grant covers 1,000,000 shares of Conexant common stock that will vest in equal annual installments beginning one year from the date of grant over a three year period. The options have a maximum exercise life of eight years and have an exercise price of $1.37, which was the closing price of Conexant's common stock on the date of grant.

She also received a performance restricted stock unit award of 250,000 shares of common stock that will vest based on the company's independent Compensation Committee's determination that the following performance goals have been achieved: one-third if Conexant's common stock sustains an average closing price of $3.00 over a 60 calendar-day period; one-third if the common stock sustains an average closing price of $4.50 over a 60 calendar-day period; and one-third if the common stock sustains an average closing price of $6.00 over a 60 calendar-day period. Any unvested portion of the performance restricted stock units will be forfeited five years after the grant.

In addition, Roscher was awarded 360,000 restricted stock units, which will vest in equal installments on the first, second, and third anniversaries of the grant date.

These awards were approved by Conexant's Board of Directors, which is comprised of a majority of independent directors, and have been awarded pursuant to the company's established 2004 New-Hire Equity Incentive Plan. For additional details of Ms. Roscher's terms of employment, please refer to the company's report on Form 8-K, filed with the Securities and Exchange Commission.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company's comprehensive portfolio includes products for broadband access and media processing applications. Conexant is a fabless semiconductor company that recorded revenues of $970.8 million in fiscal year 2006. The company has approximately 3,200 employees, 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.