LG Electronics Ships Mindspeed Network Processor with Multi-Service Switch

Business Wire, April 26, 2004

Business Editors/High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 26, 2004

Mindspeed(TM)'s Network Processor Solution Allows LG Electronics

to Offer Quality of Service (QoS) Guarantees in 40 Gbps ATM/MPLS

Switch

Mindspeed Technologies Inc. (NASDAQ:MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that LG Electronics Inc. is shipping Mindspeed's OC-12 ATM Shaper in its MSR40 multi-service switch.

The LG Electronics MSR40 multi-service asynchronous transfer mode/multi-protocol label switching (ATM/MPLS) switch offers superior ATM layer traffic management capabilities that provide Quality of Service (QoS) guarantees. The MSR40 also offers ATM switching signaling and multi-function switch and router support. The switch passed the Korea Telecom Benchmark Test and won the LG corporate "Golden Design" recognition award for best new equipment design.

Korea-based LG Electronics is a pioneer in the Korean consumer electronics market and provides total solutions ranging from wired and wireless handsets to information and telecommunication equipment. The company is a leader in the innovation and development of cutting-edge technologies in next-generation wireless telecommunications.

"Mindspeed's M27651 application specific network processor met our requirements for superior ATM layer traffic shaping capabilities which enabled the MSR40 to offer QoS guarantees. Using a fully programmable solution allows us to rapidly respond to changing customer requirements. This feature, in addition to strong support from Mindspeed was instrumental in passing the Korea Telecom Benchmark Test," said H.C. Yi, general manager, Core Network R&D Lab at LG Electronics.

"We are gratified that LG Electronics chose Mindspeed's established network processing technology for its 40 Gbps multi-service switch," said Scott Lane, product line manager for Mindspeed's broadband internetworking systems business unit. "Our network processors offer comprehensive traffic management capabilities for both packet and cell-based applications, and provide flexible, easily upgradeable network solutions."

The M27651 performs the shaping portion of an OC-12 ATM system solution in high-performance traffic management and internetworking applications. The device provides wire-speed performance by combining a networking-optimized, custom processor with a powerful hardware engine. The M27651 delivers QoS and network domain adaptation for cell traffic streams.

Typical applications include ATM switches, routers, multi-service edge concentrators, DSLAMs and wireless base stations. The standard UTOPIA and PCI interfaces of the M27651 enable seamless integration in data paths alongside packet or cell switch fabrics and framers.

About Mindspeed Technologies Inc.

With headquarters in Newport Beach, Mindspeed Technologies Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide area networks.

The company's four key product families include high-performance analog transmission and switching solutions, multi-service access products designed to support voice and data services across wireline and wireless networks, T/E carrier physical-layer and link-layer devices, and ATM/MPLS network processors.

Mindspeed's products are used in a wide variety of network infrastructure equipment including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.

To learn more, visit the company at www.mindspeed.com.

About LG Electronics

LG Electronics Inc.(KSE:6657) was established in 1958 as the pioneer in the Korean consumer electronics market. The company is a major global force in electronics and information and communications products with more than 64,000 employees working in 76 overseas subsidiaries and marketing units around the world. With annual total revenues of more than US $16.9 billion (non-consolidated), LG Electronics comprises three main business companies: Digital Display & Media, Digital Appliance and Telecommunication Equipment & Handset.

LG Electronics' goal is to enable the intelligent networking of digital products that will make consumers' lives better than ever.

Safe Harbor Statement

This press release contains statements relating to Mindspeed, and the company's future results, including certain projections and business trends, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results, and actual events that occur, may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; availability of capital needed for the company's business; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability of manufacturing capacity; pricing pressures and other competitive factors; 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 expense reduction and restructuring initiatives; the ability to attract and retain qualified personnel; and the uncertainties of litigation, as well as other risks and uncertainties, including 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.