Using the same macOS and apple silicon as you are. Make sure to download the latest working version (7.92o - as 7.92p is broken) in universal JLink_MacOSX_V792o_universal.pkg Then launch JLinkConfig and make sure your J-Link has up-to-date firmware and try again.
JLink for MacOSX v792p seems broken (at least on Apple Silicon) Downloaded both universal and arm64 versions - both install correctly but when trying to launch any of the applications (without any debugger connected) then all fail. Downgrading to v792o resolves the issue. Any workaround to resolve this?