Cubase VST Rack creates noise when pressing speaker icon

I just go a new MacBook Pro with the apple M2 arm chip. I installed cubase pro 12. I can’t get any of the amps in the VST rack to work. All I get is static from them. They work fine on my old MacBook Pro with intel silicon.

Has anyone else encountered this problem or know how to solve it?

BTW I’m using a Steinberg UR44c