Stickily speaking, the RAM is next to the M1, but it's not part of it.
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For people expecting a "fix": a specific bug has to be identified first. What's the usage patterns of those with TBs of data written each day? If they are using way more apps that the RAM cam take, then high disk swap is expected. The fact that M1 Macs are so fast, and have very fast SSDs, may make people overconfident in their ability to runs dozens and apps and have dozens and tabs open at once (since if doesn't noticeably slows down the system). But that's not something Apple could fix, expect perhaps by sending warning in dialog boxes.
Has it been demonstrated that Big Sur does disk swapping too "aggressively"? Is it different from Catalina on intel Macs?
If Rosetta apps just require more RAM to operate, then there is little Apple could do either. If time machine writes local backup do disk, then it's doing its job. Same for spotlight indexing.
As for Chrome, Photoshop or other apps, which have been incriminated, there is nothing Apple can do.
I know people are worried, but given that SSD writes appear to have many causes, including "normal" ones and third-party apps, I'm not sure a clear bug has been identified.