The vast majority of the ecosystem seems to be focused on uCs until very recently. So it'll take time for the applications processors to be competitive.
At least for SBCs, I’ve bought a few orange pi rv2s and r2s to use as builder nodes, and in some cases they are slower than the same thing running in qemu w/buildx or just qemu
The SpacemiT K3 is faster than QEMU. Much faster chips are expected to release over the next few months.
I mean things like the Milk-V Pioneer were already faster but expensive.
One thing that has been frustrating about RISC-V is that many companies close to releasing decent chips have been bought and then those chips never appear (Ventana, Rivos, etc). That and US sanctions (eg. Sophgo SG2380).