I think that Foundation being a Obj-C library effectively forced Apple into eating their own dog food (for the sorely needed Swift/Obj-C interop), so I don’t think rewriting Foundation in Swift would have been a good strategy for Apple.
9 years is not that long for a programming language. PG's (in)famous eassy on Python Paradox [1] was written in 2004. By the time Python was 13 years old and it was still a "cool kid's language".
As for Foundation, core frameworks almost never get rewritten and for good reason. It's almost never worth it. Best case? You get functional equivalence. Worst case? You introduce bugs into something that millions or even billions of devices depend on. Those bugfixes may take many years. Every now and again we see bugfixes that are 10-20+ years old in things like GCC or the Linux kernel.
Rewrites should never be undertaken lightly, particularly with less mature languages. Apple is (IMHO) being relatively aggressive with this.
And all the money in world can't make it any faster.
Also, this project's been going for a few years I think, since it's used for Swift on Linux.
That doesn't seem accurate:
"The Foundation package is an independent project in its early incubation stages."
"In the future, we will explore how to sunset the existing swift-corelibs-foundation and migrate to using the new version of Foundation created by this project."