CONEXANT SYSTEMS INC
424B3, 2000-09-15
SEMICONDUCTORS & RELATED DEVICES
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<PAGE>   1

                                                Filed Pursuant to Rule 424(b)(3)
                                                      Registration No. 333-32468
PROSPECTUS SUPPLEMENT NO. 16
(TO PROSPECTUS DATED MARCH 14, 2000)

                                  $650,000,000
                             CONEXANT SYSTEMS, INC.

             4% CONVERTIBLE SUBORDINATED NOTES DUE FEBRUARY 1, 2007
          SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES

         This Prospectus Supplement No. 16 supplements and amends the Prospectus
dated March 14, 2000, the Prospectus Supplement dated April 7, 2000, Prospectus
Supplement No. 2 dated April 14, 2000, Prospectus Supplement No. 3 dated April
21, 2000, Prospectus Supplement No. 4 dated April 28, 2000, Prospectus
Supplement No. 5 dated May 5, 2000, Prospectus Supplement No. 6 dated May 12,
2000, Prospectus Supplement No. 7 dated May 18, 2000, Prospectus Supplement No.
8 dated May 26, 2000, Prospectus Supplement No. 9 dated June 1, 2000, Prospectus
Supplement No. 10 dated June 9, 2000, Prospectus Supplement No. 11 dated June
16, 2000, Prospectus Supplement No. 12 dated July 7, 2000, Prospectus Supplement
No. 13 dated August 4, 2000, Prospectus Supplement No. 14 dated August 18, 2000
and Prospectus Supplement No. 15 dated August 25, 2000 (as amended, the
"Prospectus"), relating to the resale from time to time by holders of our 4%
Convertible Subordinated Notes Due February 1, 2007 and shares of our common
stock issuable upon the conversion of the notes. Such information has been
obtained from the selling securityholders. This prospectus supplement should be
read in conjunction with the Prospectus.

         The information appearing in the table below, as of the date hereof,
further supplements and amends the information in the table appearing under the
heading "Selling Securityholders" in the Prospectus:

<TABLE>
<CAPTION>
                                      PRINCIPAL
                                   AMOUNT OF NOTES                              COMMON           COMMON
                                     BENEFICIALLY          PERCENTAGE        STOCK OWNED          STOCK
                                       OWNED AND            OF NOTES         PRIOR TO THE        OFFERED
          NAME                      OFFERED HEREBY(1)      OUTSTANDING        OFFERING(1)        HEREBY
--------------------------------------------------------------------------------------------------------
<S>                                <C>                     <C>               <C>                 <C>
J.P. Morgan Securities, Inc.         $3,000,000                *                27,777           27,777
</TABLE>

--------------
 *  Less than one percent.

(1) We believe any excess of the total amount of registered sales by Selling
    Securityholders is the result of (i) sales by Selling Securityholders who
    previously registered their shares in unregistered offers and the subsequent
    registration by the purchaser thereof, or (ii) registration by Selling
    Securityholders who had acquired their shares in a previously registered
    transaction.

         The number of shares of common stock owned prior to the offering
includes shares of common stock into which the notes are convertible. The number
of shares of common stock offered hereby is based on a conversion price of
$108.00 per share of common stock and a cash payment in lieu of any fractional
share. Information concerning other Selling Securityholders will be set forth in
prospectus supplements from time to time, if required. The number of shares of
common stock owned by the other Selling Securityholders or any future transferee
from any such holder assumes that they do not beneficially own any common stock
other than common stock into which the notes are convertible at a conversion
price of $108.00 per share.

         INVESTING IN THE NOTES OR THE COMMON STOCK INTO WHICH THE NOTES ARE
CONVERTIBLE INVOLVES A HIGH DEGREE OF RISK. PLEASE CONSIDER THE "RISK FACTORS"
BEGINNING ON PAGE 3 OF THE PROSPECTUS.

         NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

          The date of this prospectus supplement is September 15, 2000.


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