AIUI the actual technical contributions to RISC V come from all over the world, just as in this case. Putting it outside the US means that (a) the US doesn't actually have its hands on the |RISC V throat to choke it and (b) everybody outside the US can still contribute assuming their govts. don't try the same trick. The worst case for the foundation is that contributions stop coming from the US. The worst case for the US is the same. The worst case for non-US competitors is "meh".
Repeat that for anything else the US wants to choke.
Apropos this particular case, does it supposedly cover QGIS? The registrant for qgis.org is in SA.