What causes the situation currently is not ARM, but the companies making SoCs.
Currently, with RISC-V, we are seeing early-adopter trial runs by early-adopter companies. None of the usual suspects have any amount of serious skin in the game.
When Qualcomm is making mass-market high-performance RISC-V SoCs, they will treat them exactly the way they are treating their equivalent ARM SoCs right now.