Will is be US-based like Mozilla, or will it be somewhere else, like Europe?
A couple of foundations have moved away from the US in recent years, for example the Eclipse Foundation (Belgium) and the RISC-V Foundation (Switzerland).
It seems foundational (if you'd forgive the pun) to know under what laws the foundation will operate, and who (if anybody) will be excluded from taking part in the project because of sanctions regimes.
Incorporation in Switzerland has the effect of calming concerns of political disruption to the open collaboration model. RISC-V International does not maintain any commercial interest in products or services as a non-profit, membership organization. There have not been any export restrictions on RISC-V in the US and we have complied with all US laws. The move does not circumvent any existing restrictions, but rather alleviates uncertainty going forward.