Is Apple silicon ready for Android development?

Almost !

ApplicationM1 optimizedRosetta 2M1 Supported versionContribute
Android Studio2020.3.1
BlueStacks 🚫 🚫 no ETA yet
Android NDK 🚫 ⚠️
Gradle7.x
Genymotion 🚫 🚫
Visual Studio Code1.55
JetBrains Runtime11.0.9+11-b1145.37

✅ Fully compatible with Apple silicon (M1)
🚫 Not working
⚠️ Initial support or Beta with issues/crashes reported