I'm sure Bluespec, TSMC, SiFive, NXP, Samsung, Qualcomm, Microsemi, Micron, Huawei, and NVIDIA don't think of it like that, the RISC-V foundation is also not UC Berkeley. Also, strictly speaking the UC system ain't the state, if they were, they would not be allowed to generate copyrights from work produced by employees. IBM at least partially (if not completely) covered the fabrication of the original UCB RISC-V chips.
Though I'd generally agree in the case of IIT Madras, which is specifically engaging in a state effort to reduce import dependence in microelectronics (especially for defense and national infrastructure).