Micosoft Home & Student v Apple M3 chip

Finding my Microsoft downloaded copy of Home & Student 2021 wouldn't work and after hours of searching,

I appear to have found that this software will only work on a Mac with Intel chips. They have not released an M3 version yet.

Is this correct? I don't understand why Microsoft can not be more forthcoming when selling this product. Mind you if they can make more money selling 365, why should they worry about detail.