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Mass Effect the IP isn’t the issue, the issue is EA sucks. So you’re basically asking why do they even persist as a company anymore.
Also I think Andromeda was okay, just terribly buggy at launch. The gameplay was actually pretty fun imo. On the other hand, Veilguard was technically sound but the game itself was not great. So if they can somehow learn lessons from both, there is hope.
Less about EA, more about Bioware. EA has proven they aren’t shy about murdering studios, so why keep Bioware around when their last good game was, what? Star Wars: Old Republic? 2011?