However, it's now at the point where there are shipping RISC-V Linux distros, it's supported in GCC and LLVM out of the box, there are more than a dozen open-source RISC-V cores (https://riscv.org/risc-v-cores/, several of which are actually parameterized families of cores), and there are companies like SiFive offering commercially supported proprietary cores. There is hardware that has shipped from multiple different vendors, and that likely means that there are a number of others where it's fairly far in the pipeline.
With MIPS being behind Intel on the desktop and server market, behind ARM on the proprietary embedded core front, and behind RISC-V on the open source ISA and cores front, it's a bit hard to see why someone would buy MIPS who hasn't already invested in it.
If you want something more well established with a wider variety of cores available to purchase, you'd go with ARM. If you want something with no ISA licensing fees and even potentially no charge at all for an open source core, you can go with RISC-V.
I suppose there is some chance that MIPS could win some folks over from RISC-V for already having stable SIMD and DSP extensions, and more overall architectural maturity than RISC-V. But given that this seems to just be opening up the ISA without opening up any cores, and right now is a press release without having decided on the governance structure for the project or released any assets, while RISC-V has a number of fairly mature open cores including Rocket, BOOM, RI5CY, and more, and has a governance structure with a number of different companies involved, it seems like it will be a while if ever for MIPS to catch up on the open ISA front.