This also happens to me. Currently using the "Wavlink Dual 5K Type-C Laptop Universal Docking Station" and for the past few days, my Intel MBP 2019 (that's on MacOS Monterey 12.0.1) keeps panicking with the following message:
panic(cpu 0 caller 0xffffff8016c411e1): AppleIntelFramebuffer::setPowerState(0xffffffa05e091000 : 0xffffff7fae96d8a8, 2 -> 1) timed out after 45438 ms @IOServicePM.cpp:5524
Panicked task 0xffffff856b3d46a0: 320 threads: pid 0: kernel_task
Backtrace (CPU 0), panicked thread: 0xffffff856f83c2c0, Frame : Return Address
0xffffffd070233ab0 : 0xffffff801649c00d
0xffffffd070233b00 : 0xffffff80165f5d85
0xffffffd070233b40 : 0xffffff80165e5763
0xffffffd070233b90 : 0xffffff801643ba60
0xffffffd070233bb0 : 0xffffff801649c3dd
0xffffffd070233cd0 : 0xffffff801649bb96
0xffffffd070233d30 : 0xffffff8016d18649
0xffffffd070233da0 : 0xffffff8016c411e1
0xffffffd070233e00 : 0xffffff8016c409a9
0xffffffd070233e10 : 0xffffff8016c59f8e
0xffffffd070233e50 : 0xffffff8016c3f738
0xffffffd070233e70 : 0xffffff80164ecc85
0xffffffd070233ee0 : 0xffffff80164edcd2
0xffffffd070233fa0 : 0xffffff801643b18e
Process name corresponding to current thread (0xffffff856f83c2c0): kernel_task
Boot args: chunklist-security-epoch=0 -chunklist-no-rev2-dev chunklist-security-epoch=0 -chunklist-no-rev2-dev
Mac OS version:
21A559
Kernel version:
Darwin Kernel Version 21.1.0: Wed Oct 13 17:33:23 PDT 2021; root:xnu-8019.41.5~1/RELEASE_X86_64
Kernel UUID: 19BD4E1B-0268-3EE0-BC66-91F035BC9429
KernelCache slide: 0x0000000016200000
KernelCache base: 0xffffff8016400000
Kernel slide: 0x0000000016210000
Kernel text base: 0xffffff8016410000
__HIB text base: 0xffffff8016300000
System model name: MacBookPro16,1 (Mac-E1008331FDC96864)
System shutdown begun: NO
Hibernation exit count: 0
System uptime in nanoseconds: 21793280334665
Last Sleep: absolute base_tsc base_nano
Uptime : 0x000013d224bba35a
Sleep : 0x000005119c4ed4cb 0x00000ca5a50b0d34 0x000004fe2033b80e
Wake : 0x00000511b0309208 0x00000cd494d92efa 0x00000511aec95730
Zone info:
Foreign : 0xffffff802c664000 - 0xffffff802c671000
Native : 0xffffff805db35000 - 0xffffffa05db35000
Readonly : 0 - 0
Metadata : 0xffffffee7aab2000 - 0xffffffee9adc7000
Bitmaps : 0xffffffee9adc7000 - 0xffffffeea6dc7000
last started kext at 21763387631930: >usb.cdc.acm 5.0.0 (addr 0xffffff7fae62f000, size 12288)
last stopped kext at 3634636454435: com.rugarciap.DisableTurboBoost 0.0.1 (addr 0xffffff7faf8ee000, size 4096)