Yes, Microsoft Cloud PKI provides basic lifecycle management capabilities within the Intune environment. Certificates for Intune-managed devices can be automatically issued, distributed, renewed, and revoked.
From an enterprise-wide Certificate Lifecycle Management perspective, however, the functionality is limited because management focuses on the devices and use cases supported by Intune. MTG CLM, by contrast, is designed to centrally manage and automate certificates from different PKIs and across different systems, applications, and platforms.