Kernel 5.16.14 fails to boot on VMware Fusion arm64 Tech Preview

After upgrade to the latest Tumbleweed snapshot, kernel 5.16.14-1 fails to boot on a VM running on the VMware Fusion Tech Preview for Apple Silicon. This happens in both normal and recovery mode for this kernel version.

The previous version 5.16.11-1 booted fine.

The symptoms are that GRUB seems to complete the EFI boot services, but the GRUB boot screen immediately re-appears. Selecting the prior kernel allows the vm to boot.