True, but this is something that could be relatively easy for Arm Ltd to address in an endless number of possible ways, considering their already-dominant position, the perceived seriousness of the threat, etc. Just like Microsoft basically gave up on making the average Joe pay directly for a Windows license.

Another question is, at what point do you expect RoI on your RISC-V expertise, even if it was basically guaranteed to take 20% of the global CPU market 10 years from now, you still need to ask yourself, what do you want to be doing until then.

I'm barely old enough to remember when VLIW was still being hyped, and while RISC-V so far has a much better outlook commercially, it would be wise to remember that this market is ruthlessly competitive. Even companies as old and dominant as Intel must remain vigilant, for the old friend next door may eat their lunch and their dog.