Intel may be having a late flowering in high end mobile device modems, but this does not mean it is anywhere close to threatening Qualcomm yet. Having finally admitted defeat in the mobile processor/SoC space, it urgently needs to steal a march on its rival in the emerging IoT market, or at least some of its key categories. Until now, Intel has been showing indecision and adopting a scattergun approach to the IoT, with mixed results, but now it looks set to become more focused on its key strengths in higher end devices and those for the industrial IoT. That focus is welcome. Intel has made a string of investments and acquisitions in wearables, but that market is not living…