Just to chime in, I have the latest M1 Mac Mini, 1 display via the native HDMI port on the Mini and 1 display via USB-C->HDMI dock. The first, directly connected to the mini, has the static problem. Doesn't occur all the time, but about 70% of the time after sleep. Sometimes it fixes itself after a few seconds, but mostly I make it sleep again and immediately rewaking solves the problem 95% of the time (sometimes have to do 1 more cycle). What's extra annoying is that the static is accompanied by a noise over the built in speakers which sounds a lot like heavy wind in a mic, quite annoying actually. I came here looking for a solution and can't believe Apple has neither fixed nor acknowledged the issue.