Parallels is testing x86 emulation on Apple silicon Macs
Briefly

Parallels Desktop 20.2 introduces x86 emulation for Intel-based hardware on M1-or-greater Macs, allowing users to run existing x86_64 Windows and Linux systems.
Although x86 emulation opens up new possibilities, performance is anticipated to be sluggish, with boot times reaching up to seven minutes according to product manager Mikhail Ushakov.
This version allows users to create new Windows 10 and Windows Server 2022 virtual machines, but comes with several limitations including no external USB support.
The option to start x86 emulation is hidden for now in Parallels Desktop, aiming to manage user expectations for performance and functionality.
Read at The Verge
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