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> You can get proper 32 bit core for less than $1 these days, I can't see it competing. It has a niche, saving gates on FPGA, but that's about it

Competing for what? Having a super small subcent CPU is an interesting niche (in ASICs). Having a well documented, really small CPU for FPGAs and a ecosystem is great for hobbyist and academia who need to string something together without tripping themselves. Even it serves as an educational example of a RISC-V CPU SERV is competing pretty well.


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