Expo iOS client install fails on Apple silicon simulator

Running

expo client:install:ios

fails at 75% on Macbook 2020 m1, targeting an iOS 14.3 simulator with the following message:

\zsh: file size limit exceeded  expo client:install:ios==============================================                ] 75% 19.0s

The disk drive has hundreds of GB left.
Expo cli version: 4.0.17
The terminal is run natively (no rosetta).

I also tried to reset the simulator to a clean state with the same outcome.

EDIT: reported the issue here: expo client:install:ios fails on Apple Silicon Mac · Issue #3080 · expo/expo-cli · GitHub