Incompatibility of VirtualBox with Apple M1 Chip
You unfortunately cannot run VirtualBox on Macs with Apple’s M1 chip. If this will change in the future is currently unknown but it doesn’t appear very likely as the Oracle has not said anything about it whereas others like VMWare Fusion and Parallels have both had support pledged for them.
Support for Virtual Machines on M1 Mac
The recently released Parallels Desktop 17 does allow M1 Macs to create virtual machines that run Windows On ARM, although it’s a tricky process as this new version of Windows is still in development and is only available to people who have registered for Microsoft’s Insider testing program.
Native Virtualization Support for M1 Macs
Apple’s M1 chip is a significant breakthrough for Mac users. The transition has been smooth for most Mac applications, thanks to Rosetta technology. However, virtual machines are an exception and thus Parallels engineers implemented native virtualization support for the Mac with M1 chip.
Best Virtual Machine for Mac M1
Parallels Desktop 16 is one of the most popular virtual machine software among Mac users and the only solution that currently supports macOS Big Sur.