No, not really. unlike the mobile app processor space the wireless technology updates/upgrades at a much faster rate so it makes much sense for standalone companies innovating in this area to bring the latest standards into practice.
It seems that the way to go forward is having tight integration with the mobile apps processor and the baseband chip. Which is why Intel snatched Infineon LTE, NVidia got Icera and Qualcomm got the integrated baseband. Altair's best option in the long run, will be to get acquired by one of those mobile CPU vendors.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.