Microsoft and Parallels have teamed up to deliver an officially supported solution to run Windows 11 on Apple Silicon Macs.

https://support.microsoft.com/en-us/windows/options-for-using-windows-11-with-mac-computers-with-apple-m1-and-m2-chips-cd15fd62-9b34-4b78-b0bc-121baa3c568c

Note that features in Windows that use virtualisation are not supported, including Windows Subsystem for Linux, Windows Subsystem for Android, Windows Sandbox and (I assume) general Hyper-V features. DirectX 12 is also not supported.

Clearly you’re not going to be booting this up and running games, but for line of business apps that only run on Windows, it could be a very good solution.