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I have this too. I had 4 complete system crashes since yesterday. I am wondering if that happens because my MacBook Pro (13-inch, 2018, Four Thunderbolt 3 Ports) only has 8GB of RAM. Because "Submission on work queue 36 failed due to insufficient space!" sounds like the Metal driver could not allocate enough memory. Of course this is still a severe bug and should be fixed by Apple. But I'm curious if people with 16 GB or 32 GB have this as well. I noticed my memory pressure often goes yellow when I run the simulator. Maybe testing on the simulator of an older iPhone with less RAM might be a workaround.

I could resolve this by completely removing (i.e. deleting) the App ID from the developer account. I have singing and certificates managed by XCode and this somehow got messed up. Deleting the App ID made XCode regenerate everything and not it's fine. (For context: This was on XCode 13 with targets set to iOS 15 and macOS 12.)