2/18/2003 - Conexant Systems, Inc. (Nasdaq: CNXT), a worldwide leader in semiconductor system solutions for communications applications, announced that its digital satellite set-top box (STB) semiconductor solution has been selected by LG Electronics, Inc. (LGE) for use in interactive set-top boxes that will be deployed in Korea Digital Satellite Broadcasting's (KDB) SkyLife satellite television network. The system solution supports the digital video broadcasting-multimedia home platform (DVB-MHP), which was jointly created with Alticast, a pioneer in the field of interactive digital TV software development. The new interactive satellite television STB will provide consumers with services such as quiz games and various television commerce applications such as online shopping.
"As a global electronics and information communications company, LGE is at the forefront in the development of advanced television products and technologies," said Jeffrey Crosby, vice president of marketing for Conexant's set-top box business. "We are pleased that they have recognized the technical and economic advantages that Conexant's semiconductor solutions provide, and that they have chosen our chipset as the basis of their new multimedia set-top box."
"Conexant meets our expectations on the progressive solutions in new areas such as SmartBox 2.0 (MHP-STB) for KDB," said Dr. Choon Lee, the Research Fellow of LGE's digital TV laboratory. "We are also pleased to work with Conexant. They are highly dedicated and the flexibility of their solution helps reduce manufacturing costs and development cycles."
"Working closely with Conexant's R&D team to bring manufacturers an open standard, MHP platform is critical to the rollout of new services such as interactive television," said Seung R. Jee, president and chief executive officer of Alticast. "We're pleased to play a part in the launch of these exciting new services."
Conexant Systems, Inc., a worldwide leader in semiconductor system solutions for communications applications, leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through two separate businesses. The Broadband Communications business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies?, the company’s Internet infrastructure business, 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. Conexant is headquartered in Newport Beach, Calif. To learn more, visit us at www.conexant.com or www.mindspeed.com.
About LG Electronics
LG Electronics is a major global player in Electronics and Information & Communications with its annual sales of $15.3 billion in 2002 employing about 64,000 workers in 72 subsidiaries around the world. LGE operates R&D, manufacturing and sales & marketing facilities worldwide focusing on Digital TV, Internet-enabled Home Appliances and Mobile Handsets. LG Electronics is the first manufacturer to launch the Internet refrigerator, now equipped with every possible Internet-enabled home appliance. LG Electronics also succeeded in commercializing the CDMA digital mobile communication system for the first time. Meanwhile LGE strengthens its core competencies even more to further its ground as the "Digital Leader" in the digital era. LG Electronics' goal is to enable the networks among the digital products that will make lives easier and happier than ever. LG Electronics headquarters in Seoul, Korea. To learn more, visit us at www.lge.com.
Conexant and Mindspeed are trademarks of Conexant Systems, Inc.
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