Non-US hedging will be big for RISC-V in the future, but the geopolitics can also cut the other way. E.g. US banning US companies from using Chinese RISC-V chips, to protect their domestic players. Especially now that intel is partially state-owned.
Qualcomm, AMD and Nvidia are heavily investing in RISC-V, Intel's foundry produces RISC-V chips and the US government investment is largely because Intel has a SOTA foundry. Not just x86.