...and it did!
If you look at the core implementation of modern Intel and many other processors, including the zSeries mainframe, they have microcoded RISC processors in them.
And that is not taking into account the remaining RISC processors, ARM, IBM PowerPC (although this is the most un-RISC RISC processor I've ever seen), RISC-V, and MIPS derived processors that are still available.
And I don't think that the micro-controllers and PIC processors that you find embedded in many millions of devices would exist without the research done for RISC processors.