On the other hand China has to balance the private economy to push forward as well in the tech industry, and LoongArch is perfect for that in a commercial context, especially now that US lawmakers are seeking to literally “block” China from using RISC-V (good luck with that), it at least provides an excuse, and plus it’s far away enough from both MIPS and RISC-V to be categorized as its own thing. But no despair, there are great RISC-V projects out there, take a look at Milk-V, they released their Mars board and it’s been a huge success. By no means is it being sidelined, but I also recognize as sobuddywhoneedsyou said below that RISC-V is relatively early in the adoption phase, especially with the ARM hype right now, so maybe going slow is for the best.
Fun fact about IBM actually, they aided the Nazis during the Holocaust by developing tabulation machines for census of camp inmates, along with several secret contracts which brought in a lot of money for them.