The 2020m1 chip is different from the 2021m1 chip.
The M1 Pro and M1 Max will be released in 2021 with CPU speeds up to 70% faster than the M1.
Tasks such as compiling code with Xcode can therefore be handled faster than ever before.
The M1 Pro's graphics processor is up to 2x faster than the M1, and the M1 Max is up to 4x faster, allowing professional users to experience flying speed in performance-demanding image workflows.