No but Angular 17 is backwards compatible with @angular/material@16 so you can upgrade Angular without having to upgrade Material [1]. We currently run @angular/core@17.0.8 and @angular/material@16.2.12 in production without problems.

In the end this only buys you another 6 months but helped us get ready for Angular 18 in May.

[1] https://blog.angular.io/introducing-angular-v17-4d7033312e4b