This is more or less analogous to Blackberry moving to Android, isn’t it? Storied, old-guard tech company loses most of its market share, trades in its first-party stack for a rising open-source alternative. Is MIPS still a big enough name to make this much of a coup for RISC-V? Or is this the last-ditch effort of a fallen star of the semi market?
No, not at this point. RISC-V already has plenty of momentum without this. The only thing that might change that analysis is if MIPS has some architecture patents that they could leverage to get some kind of RISC-V performance advantage. But I doubt they have anything like that now. And it's not like they have a stable of CPU designers that are now going to be switched from working on MIPS to working on RISC-V - they likely haven't had any of those folks working there since the 90s.