terraform-provider-aws: Random failures during terraform plan/apply on M1 + Rosetta (darwin_amd64)

I am not able to find out why executing terraform plan/apply will fail on the random bases. This behaviour happen regardless of the complexity of the project. I tried using local and S3 backends and same result.

I installed terraform and aws cli using brew, I even run brew doctor to verify if something was broken and no issues.

I originally raised a Terraform CLI BUG, But seems like this bug is most likely related to the AWS provider.

Terraform Version

Terraform v1.1.4
on darwin_amd64
+ provider registry.terraform.io/hashicorp/aws v3.73.0
+ provider registry.terraform.io/hashicorp/random v3.1.0

AWS CLI Version

aws-cli/2.4.12 Python/3.9.10 Darwin/21.2.0 source/x86_64 prompt/off

Terraform Configuration Files

terraform {
  required_providers {
    aws = {
      source  = "hashicorp/aws"
      version = ">=3.70.0"
    }
  }
}

provider "aws" {
  profile = var.aws_iam_profile
  region  = var.deployment_region
}

resource "aws_s3_bucket" "prod_web" {
  bucket = "superman-batman-yoyo"
  acl    = "private"

  versioning {
    enabled = true
  }
  server_side_encryption_configuration {
    rule {
      apply_server_side_encryption_by_default {
        sse_algorithm = "AES256"
      }
    }
  }
}

resource "aws_s3_bucket_public_access_block" "prod_web" {
  bucket = aws_s3_bucket.prod_web.id

  block_public_acls       = true
  block_public_policy     = true
  ignore_public_acls      = true
  restrict_public_buckets = true
}

Debug Output

2022-01-12T15:24:29.056+1100 [ERROR] plugin.(*GRPCProvider).ValidateProviderConfig: error="rpc error: code = Canceled desc = context canceled"
2022-01-12T15:24:29.057+1100 [ERROR] vertex "provider[\"registry.terraform.io/hashicorp/aws\"]" error: Request cancelled
2022-01-13T11:03:10.772+1100 [ERROR] vertex "provider[\"registry.terraform.io/hashicorp/aws\"]" error: Unrecognized remote plugin message: 

This usually means that the plugin is either invalid or simply
needs to be recompiled to support the latest protocol.

Expected Behavior

Stop crashing!

Actual Behavior

Need to run multiple times terraform plan/terraform apply to deploy the infrastructure 😕

Steps to Reproduce

1. terraform plan
2. terraform apply