Conexant, Carlyle Group to establish foundry

March 13, 2002 – Newport Beach, CA, and Washington – Conexant Systems Inc. and The Carlyle Group, a global private equity firm, have completed the transaction to form a new specialty foundry company.

Carlyle will have control and will be the majority owner, and Conexant will be a minority holder and a customer of the new company. Further details, including the name of the new company, will be announced within the next 60 days.

The new specialty foundry will manufacture semiconductor wafers based on bipolar, BiCMOS, silicon germanium, analog and mixed-signal CMOS process technologies. The ISO-9000 certified facility includes 100,000-square-feet of Class 1 cleanroom space and has the capacity to support 20,000 200mm wafer starts/month.

The company has headquarters in Newport Beach, has approximately 650 employees and anticipates revenues of $150 million for the first full year of operation.

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