Steam will soon fully support Mac computers equipped with Apple Silicon processors. In the latest beta version of the Steam client, spotted by 9to5Mac, Valve says that the “Steam Client” and “Steam Helper” applications now run natively on Apple Silicon.
See also: Twilio denies breach and Steam password leak

This means that Steam will no longer need to use Rosetta 2 to run on Macs with M-series processors. Rosetta 2 is the compiler that allows Intel-based applications to run on Macs with ARM architecture. Native support for Apple Silicon is expected to improve Steam's performance and stability.
See also: Valve Steam: Removes game demo that infected systems with info-stealer
This update comes after Apple announced that it would not release any major future updates for Intel-based Macs after macOS Tahoe. The company also confirmed that Rosetta 2 will only be available until macOS 27.“After that point, we will maintain a limited set of Rosetta features to support older, unsupported games that rely on Intel frameworks,” Apple says.

You can try out the Steam beta by opening the application on your Mac and going to Steam > Settings > User Interface. There, look for the “Join Client Beta” option and select “Steam Beta Update” from the drop-down menu. Steam will then prompt you to restart the application.
See also: Steam: 39,200,000 “concurrent users” thanks to Marvel Rivals and Path of Exile 2
Based on the above, a significant development is that Steam is fully adapting to Apple's transition from Intel processors to its own Apple Silicon processors (M series). This clearly shows the gradual abandonment of support for the older x86 architecture on Macs, and confirms that both software developers and users will have to move towards more modern systems.
Source: theverge
