Santa Clara, Calif. -- Intel, the Santa Clara-based chip-making giant, said on Monday it has completed its acquisition of Infineon Technologies' Wireless Solutions (WLS) business. The all-cash deal was valued at $1.4 billion when it was first announced in late August. WLS, which provides cellular platforms to phone makers, will operate as a standalone business. Intel said the acquisition is part of its strategy to accelerate always-connected computing platforms that span a variety of device and market segments, including laptops, cars, smart phones, tablets and smart TVs. "As computing spreads across a range of connected devices, including new categories being created almost daily, we must be ready to support the next billion devices across multiple networks with smart, secure and seamless computing experiences," said Dadi Perlmutter, executive vice president and co-general manager of the Intel Architecture Group.