Conexant Wi-Fi and Modem Technology Enables New LG-Nortel Videophone; Major Operators Currently Deploying Videophones in Europe.

NEWPORT BEACH, Calif. -- Conexant Systems, Inc. (NASDAQ:CNXT), a worldwide leader in semiconductor solutions for broadband communications and the digital home, today announced that LG-Nortel Co. Ltd., a key provider of leading-edge communications and networking solutions in the wireline, optical, wireless and enterprise markets, has based their new Wi-Fi videophones on the company's wireless networking 802.11g and V.92 dial-up modem technology. LG-Nortel's LVP videophones allow individuals to make video phone calls using Wi-Fi to connect to a broadband access network, or over the public switched telephone line (PSTN). LG-Nortel's LVP series phones are currently being deployed by major operators in Europe.

"LG-Nortel's videophone illustrates how newer technologies such as Wi-Fi are converging in innovative products for the digital home," said Chee Kwan, vice president and general manager of Conexant's Wireless Networking business. "Demand for devices with embedded wireless networking capabilities is increasing in all geographies. We will leverage our product portfolio and the most advanced standards-based technologies to deliver solutions for this growing market segment."

"Our customers depend on us for high-quality, reliable products that help them retain and attract new subscribers, and Conexant's expertise in wireless and dial-up modem technologies helps us meet their requirements," said KP Choi, leader of the CPE Export team for LG-Nortel. "Equally important, their strong design support and system-level knowledge allows us to launch products more quickly and cost-effectively, which provides us with a competitive edge."

About the LVP Series Videophones

LG-Nortel's LVP series videophones have a small camera attached to the upper part of a 3.5-inch liquid crystal display to capture video of the caller. The video is transmitted using 802.11g Wi-Fi or Bluetooth technology to the Internet over a broadband or dial-up modem connection. The handset/speaker phone also features an alphanumeric keypad that can be used to send e-mail messages, and a Web browser that allows users to surf the Internet. To maximize flexibility and provide a back-up communications channel in case of a power outage, an integrated V.92 modem connection allows users to transmit video phone calls over existing copper phone lines.

Conexant is a pioneer in wireless networking and offers an extensive suite of solutions including IEEE 802.11a/b/g and dual-band (2.4 and 5 GHz) chipsets, firmware, software, drivers and reference designs. The company is also developing 802.11n solutions for high-performance, embedded applications. These Wi-Fi solutions are used by the world's leading telecom, networking and computer companies in a wide range of products including access points/routers, client cards, desktops, notebooks, PDAs, digital cameras, MP3 players and other hand-held networking appliances. They are available as standalone solutions or offered in conjunction with Conexant's, DSL and cable modem semiconductor system solutions, voice over IP (VoIP) chipsets, and home network processors.

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, VoIP chips, 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(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 $900 million. The company has approximately 2,500 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit www.conexant.com.

About LG-Nortel

LG-Nortel Co. Ltd (http://www.lg-nortel.com) engages in the development and marketing of video, voice, data and telecommunication infrastructure business worldwide. The company has been supplying its cutting edge telecommunication solutions to the global leading carriers, operators and strategic partners more than 50 countries.

It is strongly focused on three major business sectors to provide total solutions for its customers: Wireless (WCDMA, CDMA, WiMAX), Wireline & Optical and Residential & Enterprise (KTS/PBX & CPE Terminals-Videophone phones, IP terminals and DECT) LG-Nortel offers its products and services through distributors and partners worldwide and also provides infrastructure business directly to the carriers/operators.

LG-Nortel is a joint venture between global giants in communications, LG Electronics Inc. and Nortel Network, founded in November 2005. Company aims to become a global leading communications company by creating greater synergy based on the combined R&D capability and global competitiveness of LG Electronics and Nortel Networks. For more information please visit http://lg-nortel.com.

Conexant Safe Harbor 

"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 forward-looking statements.

These risks and uncertainties include, but are not limited to: general economic and political conditions and conditions in the markets we address; the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; continuing volatility in the technology sector and the semiconductor industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company's 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 product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; 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.