Same issue on MacBook Pro (16-inch, 2021) M1 Max chip. Luckily this is just my work laptop for programming, but as someone who's produced a ton of music in the past and uses an older Intel MacBook Pro for DJing this is honestly ridiculous Apple. I mean, I'm really telling people who produce music or DJ to not get the latest and greatest M1 laptop because of an issue that's been around for 2 years. Very un-Apple and very sad because the M1 is a ***** in all other regards.