I don't have much faith in Qualcomm putting out a decent ARM processor any time soon. They have coasted for a while on pricey contracts and patents and their recent processors for the last few years are nowhere close to the M1 in performance, let alone the M2.
They bought Nuvia last year, an ARM chip startup with a bunch of ex-Apple ARM folks. We'll see how it turns out, but the acquisition suggests they are serious about improving performance.