Conexant Unveils Advanced Modulation Satellite Set-Top Box Tuner; Company Sets Industry Milestone with Shipments of 80 Million Tuners and Demodulators.

RED BANK, N.J. -- Conexant Systems, Inc. (Nasdaq:CNXT), the worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home, today unveiled a third-generation satellite tuner for digital satellite set-top box receivers. The CX24118 direct down-conversion satellite tuner supports 8PSK advanced modulation and coding specifications, providing satellite operators with up to 35 percent higher data throughput rates using existing bandwidth. The highly integrated tuner can be used in conjunction with Conexant's CX24114 advanced modulation satellite demodulator, providing manufacturers with a complete front-end system solution designed to offer optimal system performance.

"Our third-generation satellite tuner, when combined with our new demodulator, allows operators to leverage their existing infrastructure and provide their customers with a wider range of digital-quality programming content and services," said Jeff Crosby, vice president of Set-top Box Products for Conexant. "Conexant has shipped more than 80 million satellite tuners and demodulators to date, and we will continue to leverage our extensive experience to provide advanced system solutions that meet the cost and performance specifications operators require to address an increasingly competitive marketplace."

The highly integrated CX24118 has been designed to meet the stringent performance parameters required for advanced modulation 8PSK and DBS-S2 applications. This tuner offers excellent phase noise performance and very low implementation loss. Features include a fully integrated local oscillator and variable baseband filtering. The device requires a single +3.3V supply and features very low power consumption. The CX24118 has also been designed to reduce bill-of-material (BOM) costs and board space requirements. It is packaged in a small footprint (6mm x 6mm), 36-pin pack QFN, lead-free package and does not require an external balun which reduces overall bill-of-material costs. It also includes a built-in automatic tuning machine that eliminates the need for a software calibration routine and accelerates the calibration time.

Conexant offers a comprehensive suite of digital STB components and system solutions for worldwide satellite, terrestrial and cable entertainment broadcasting networks. The company's product offering includes silicon tuners, satellite communications channel 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 together with a range of operating systems, middleware, driver and development tools.

Pricing and Availability

Samples of the CX24118 are available now, with volume production scheduled for the third calendar quarter of 2004. It is priced at $7.00 in quantities of 10,000.

About Conexant

Conexant's innovative semiconductor solutions are driving broadband communications, enterprise networks 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 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlug(SM) 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 annual run-rate revenues of approximately $1.2 billion. The company has approximately 2,400 employees worldwide, and is headquartered in Red Bank, N.J. To learn more, please visit us at www.conexant.com.

Safe Harbor Statement

This press release contains statements relating to our future results (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: 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 uncertainties of litigation; and the risk that the businesses of Conexant and GlobespanVirata will not be integrated successfully, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and we undertake 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 is a trademark of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners.