Parallels is excited to see the performance, power efficiency, and virtualization features that are brought to the Mac with Apple M1 chip. The transition to Mac with Apple M1 chip should be smooth for most Mac applications, thanks to Rosetta technology. Fortunately, our Parallels Access™, Parallels® Toolbox, and Parallels® Client software worked smoothly even before Parallels rebuilt them as universal binaries. However, virtual machines are an exception. It is important to note that currently available versions of Parallels® Desktop for Mac cannot run virtual machines on Mac with Apple M1 chip. Good news: A new version of Parallels Desktop for Mac that can run on Mac with Apple M1 chip is already in active development.