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                                                                    EXHIBIT 99.1

Editorial contacts:                         Investor Relations contacts:
Thomas Stites                               Michael Cortright
Conexant Systems, Inc.                      Conexant Systems Inc.
949-483-1492                                (949) 483-6773
thomas.stites@conexant.com                  investor.relations@conexant.com

                         CONEXANT COMPLETES OFFERING OF
                 $500 MILLION OF CONVERTIBLE SUBORDINATED NOTES

NEWPORT BEACH, Calif., January 28, 2000 - Conexant Systems, Inc., (NASDAQ:CNXT),
today announced that it has completed the private offering of $500 million
aggregate principal amount (excluding any proceeds from an over-allotment
option) of its 4% Convertible Subordinated Notes Due 2007. The notes are
convertible into the company's common stock at a conversion price of $108 per
share.

The company intends to use the net proceeds for general corporate purposes,
including potential acquisitions. The securities offered have not been
registered under the Securities Act of 1933, as amended, or applicable state
securities laws, and may not be offered or sold in the United States absent
registration under the Securities Act and applicable state securities laws or
available exemptions from such registration requirements.


Safe Harbor Statement:
This press release contains statements relating to future results of the company
(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: global and market conditions, including, but 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 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 implementation of the
company's diversification strategy; labor relations of the company, its
customers and suppliers; timely completion of Year 2000 modifications by the
company and its key suppliers and customers; and the uncertainties of
litigation, as well as other risks and uncertainties, including but not limited
to those 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. Other brands and names contained in this release are the
property of their respective owners.

With revenues of approximately $1.5 billion, Conexant is the world's largest
independent company focused exclusively on providing semiconductor products and
systems solutions for communications electronics. With more than 30 years of
experience in developing communications technology, the company draws upon its
expertise in mixed-signal processing to deliver integrated systems and
semiconductor products for a broad range of communications applications. These
products facilitate communications worldwide through wireline voice and data
communications networks, cordless and cellular wireless telephony systems,
personal imaging devices and equipment, and emerging cable and wireless
broadband communications networks. The company aligns its business into five
product platforms: Network Access,

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Wireless Communications, Digital Infotainment, Personal Imaging, and Personal
Computing. Conexant is a member of the Nasdaq-100 Index, which represents the
largest and most active stocks listed on The Nasdaq Stock Market across major
industry groups. For more information, visit Conexant at www.conexant.com.

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