I suspect that many projects—such as BOOM—have stalled as a consequence of this situation. If it continues, the long-term impact will be highly detrimental for everyone involved, including stakeholders in Western countries.
That's why this is geopolitical.
The DoD and Five Eyes prefer ARM, where the US maintains a strong lead.
While achieving an open-core design comparable to Zen 5 is unlikely in the near term, a sustained open-source collaborative effort could, in the long run, significantly change the situation. For example, current versions of XiangShan are targeting ~20 SPECint 2006/GHz (early where at ~9).
Stuff tends to stay open until a new leader emerges. Then the closed source shell appears.
We've seen this with the hyperscalers and in a million other places.
Use open to pressure and weed out incumbents and market leaders. Then you're free to do whatever.
So we'd be replacing NSA spying with MSS spying.