Press Release

CONEXANT ANNOUNCES WORLD'S FIRST
QUAD-BAND GSM POWER AMPLIFIER MODULE

Single Module Supports Worldwide GSM Handset Operation

NEWPORT BEACH, Calif., Nov. 1, 2001 — Conexant Systems, Inc. (NASDAQ: CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced the world's first quad-band global system for mobile communications (GSM) power amplifier module (PAM). The CX77314 PAM supports GSM handset operation in more than 150 countries, including the new GSM850 band in the United States. The PAM also supports general packet radio service (GPRS) multi-slot operation. Packaged in a low-profile, compact 8mm x10mm module, the CX77314 provides handset manufacturers with a single-component solution for GSM phones, regardless of geographic region or frequency band.

"As a leader in power amplifier module technology, we are pleased to once again pave the way with innovative solutions that address the cost, size and power consumption challenges that handset manufacturers face on an ongoing basis, "said Moiz Beguwala, senior vice president and general manager of Conexant's Wireless Communications division. "Our new quad-band PAM has been designed to meet the stringent performance requirements for next-generation handsets, and enables manufacturers to use a single device for all of their GSM handsets worldwide."

"It is very clear that the world is not moving toward a single band anytime soon," said Iain Gillott, principal and founder of iGillottResearch, a market strategy consultancy focused on the wireless and mobile industry. "In fact, as additional spectrum is licensed around the world, the need for multi-band devices will increase. The wireless world is getting more complex and so devices will follow this trend."

The CX77314 consists of a GSM850/900 and DCS1800/PCS1900 PA block, and 50-ohm fully matched input/output ports to reduce the number of external components required for a quad-band design. Conexant, a pioneer in PAM technology, has an extensive portfolio of PA modules that encompasses solutions for every major wireless standard including WCDMA, GSM, CDMA, TDMA, AMPS, and wireless local loop applications. Conexant's devices are based on a 50 GHz gallium arsenide (GaAs) heterojunction bipolar transistor (HBT) process technology.

Pricing and Availability

Conexant's CX77314 GSM power amplifier module is sampling now, with volume production slated for Dec. 2001. Modules are priced at $4.00 in quantities of 10,000.

NOTE TO TECHNICAL EDITORS: Additional information available on request.

About Conexant Systems, Inc.
Conexant Systems, Inc. is a worldwide leader in semiconductor system solutions for communications applications. Conexant leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through two separate businesses: Conexant and Mindspeed Technologies. Conexant's personal networking business is focused on wireless communications, digital infotainment and personal computing products that are used in mobile communications and the broadband digital home. Mindspeed Technologies 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 and long-haul networks. Conexant, headquartered in Newport Beach, Calif., delivered revenues of $1.1 billion for fiscal 2001, and has approximately 6,500 employees worldwide. The company is a member of the S&P 500 and NASDAQ-100 indices. To learn more, visit us at www.conexant.com or www.mindspeed.com.

Safe Harbor Statement
This press 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: maintaining a consistent and reliable source of energy; 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 and extent of utilization of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the successful planned disposition of certain assets; the successful separation of the Company's Internet infrastructure and personal networking businesses; the ability to attract and retain qualified personnel; labor relations of the company, its customers and suppliers; 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.

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Conexant and Mindspeed are trademarks of Conexant Systems, Inc.
Other brands and names contained in this release are the property of their respective owners.