It's not at all surprising that China is moving towards RISC-V, but we still have to see mainstream RISC-V solutions that can come even close to existing ARM and x86 solutions.

"Even if a RISC-V solution priced at 10 million yuan might only reach about 30% of the level of NVIDIA or Huawei, buying three sets means the overall cost might still be lower," he said during the event. "I think this is a breakthrough point."

This seems more like an aspirational statement and I am not sure how a RISC-V CPU would compete with Nvidia in enterprise GPUs (the ARM CPUs developed/used by Nvidia for such solutions are arguably a small part of the total cost of the solution).

This is good for the entire world. A new architecture getting support from large players to assist in finally wiping out the x86 chips.