EINDHOVEN, Netherlands, April 29, 2008--NXP Semiconductors, the independent semiconductor company founded by Philips, today announced it will acquire the Broadband Media Processing (BMP) business of Conexant Systems, Inc., (NASDAQ:CNXT). With this transaction, NXP's existing set-top box and digital TV operations will be combined with Conexant's BMP business.

The combined operations will create a top three player in digital video systems with the scale to establish a strong leadership position. The deal represents NXP's fourth acquisition since independence and is the first for its Home Business Unit.