Tbh, if we are unlucky, RISK-V might even get worse than ARM.
The point of RISK-V is to get rid of ARM ltd., the company that manages the ARM ISA and the reference designs, and asks for a lot of money from companies that want to use ARM.
RISK-V was made to have an ISA without such a middle man.
The issue here is that (apart from some university researchers) nobody makes freely available reference designs.
If a company wants to make their own high-performance ARM SoC, they call up ARM, pay a lot of money and get some directly usable reference designs. They maybe configure it with the features they want and then send the design to e.g. TSMC and they build it. Apart from a lot of money, not much else is necessary.
With RISC-V, there is no such instance where you can buy great reference designs from.
Instead, each company designs their own designs. Maybe some will sell their designs, but it might well be, that the top companies will just not share their designs, same as is the case currently with x64, where you can buy a ready-made AMD/Intel SoC and that’s it.