The way apple and the media are presenting the M1 suggests otherwise.This is completely wrong. There is absolutely no RAM on the M1 chip, the RAM chips are separate from the SOC and are standard, off-the-shelf LPDDR4X chips which can be found in many laptops released in the last year, including the early 2020 Intel MBA.
Take Apple Event — November 10 7:15 or read through Full Transcript: Apple ‘One More Thing’ November 2020 Event for example. Here the more relevant things:
"Until now, a Mac needed multiple chips to deliver all of its features. It had chips for their processor, I/O, security, and memory. Now with M1, these technologies are combined into a single SoC, delivering a whole new level of integration for more simplicity, efficiency, and amazing performance."
"M1 also features our unified memory architecture or UMA. M1 unifies its high bandwidth, low latency memory into a single pool within a custom package."
If that isn't enough go Apple's page on the M1. See that thing on the right handsome within the M1? It is DRAM
As for the media press comments about the M1:
"Apple also says the RAM on M1 models is not upgradable — it's integrated into the system-on-a-chip, so you can't upgrade an 8GB model with another stick of RAM"
The "M1 MacBook Air & Pro - EXCLUSIVE Apple Interview! | The Tech Chap" video timestamp 14m13s explains things a little better but it you look at the way the M1 is set up it is basically the core and the DRAM with a cover over it that says "M1". Ergo the memory is within the M1.