Conexant Meets First Fiscal Quarter Performance Expectations

Set-top Box Revenues Increase More Than 100 Percent Year-over-year

NEWPORT BEACH, Calif. — Conexant Systems, Inc. (NASDAQ: CNXT) today announced financial results for the first quarter of fiscal 2007, which ended December 29, 2006.

Product Highlights

“Over the past 60 days, we announced two families of ‘world’s first’ products that will significantly strengthen our market positions in Broadband Media Processing and Broadband Access over the next twelve to eighteen months,” Dwight W. Decker, Conexant chairman and chief executive officer said.

In Broadband Media Processing, Conexant expanded its product offering with a family of market-leading video decoders for personal video recording-enabled set-top boxes used to receive high-definition television services employing advanced coding technologies. The new video decoder family delivers unmatched feature sets and performance, and provides manufacturers and operators with cost-effective solutions for both single and dual high-definition television output set-top boxes. The high-end dual-channel decoder allows consumers to watch or record up to four different programs on TVs located in different rooms. The single-channel device is targeted at mass market, PVR-capable set-top boxes. In a key design win, the company announced that the Motorola Connected Home business selected this product architecture family for its next-generation set-top platform.

In Broadband Access, the company further strengthened its leadership market-share position in DSL semiconductors by delivering a family of next-generation VDSL2 chipsets. VDSL2 is a very high-speed technology that enables the cost-effective transmission of “triple-play” voice, video and data services, and is considered by industry analysts to represent the most significant growth opportunity in wired broadband communications. Conexant was the first semiconductor provider to introduce a VDSL2 standards-compliant chipset, and the new central office and customer premises system-on-chip solutions again deliver “first-to-market” capabilities. The new central office VDSL2 chipset enables higher port density DSLAM line cards than competitive offerings, and this solution also supports channel bonding to deliver double-speed throughput. This central office product has already been selected by major equipment providers, including the world’s two largest DSL equipment providers, and is slated for deployment in broadband networks in Asia, Europe, and North America. The new VDSL2 customer premises solution is the world’s first singlechip integrated VDSL2 modem and network processor. This product also supports channel bonding and is now being designed-in by DSL ODMs worldwide.