Why you say that? Nuvia made a massively great success with Oryon CPUs which are now all over the place.

Nvidia wasn't going to buy them. Unless Mojo intended to compete toe-to-toe in the hardware space, they were destined to get bought out by a hardware underdog at some point or another.

This is where an industry-spanning consortium would have helped out, but Mojo never really built those inroads with the hardware space. They just expected everyone else to opt-in to their mercurial middleware, which is a fundamental misunderstanding of how and why CUDA is successful.