Actually, supporting the M1/M2 chip would not be such a big deal for NI as far as LabVIEW goes. The LLVM compiler backend they use already supports that chip for quite some time. And the MacOSX version of LabVIEW itself shouldn't really give to many problems to compile with XCode for targetting the M1 hardware since they already did that for quite some versions before and the 64-bit version of LabVIEW for Mac did away with quite a few of the older Carbon compatibility interfaces.
What will be trickier is support for DAmx, NI-488.2 and other hardware interface drivers. Not impossible but quite a bit of work to get right and the most intense part is probably all the testing needed.