HEIC Image generation broken for iOS 17.5 simulator?

This code to write UIImage data as heic works in iOS simulator with iOS < 17.5

import AVFoundation
import UIKit

extension UIImage {

	public var heic: Data? { heic() }

    public func heic(compressionQuality: CGFloat = 1) -> Data? {
        let mutableData = NSMutableData()

        guard let destination = CGImageDestinationCreateWithData(mutableData, AVFileType.heic as CFString, 1, nil),
              let cgImage = cgImage else {
            return nil
        }

        let options: NSDictionary = [
            kCGImageDestinationLossyCompressionQuality: compressionQuality,
            kCGImagePropertyOrientation: cgImageOrientation.rawValue,
        ]

        CGImageDestinationAddImage(destination, cgImage, options)

        guard CGImageDestinationFinalize(destination) else { return nil }

        return mutableData as Data
    }

    public var isHeicSupported: Bool {
        (CGImageDestinationCopyTypeIdentifiers() as! [String]).contains("public.heic")
    }

    var cgImageOrientation: CGImagePropertyOrientation { .init(imageOrientation) }
}

extension CGImagePropertyOrientation {
    init(_ uiOrientation: UIImage.Orientation) {
        switch uiOrientation {
            case .up: self = .up
            case .upMirrored: self = .upMirrored
            case .down: self = .down
            case .downMirrored: self = .downMirrored
            case .left: self = .left
            case .leftMirrored: self = .leftMirrored
            case .right: self = .right
            case .rightMirrored: self = .rightMirrored
            @unknown default:
                fatalError()
        }
    }
}

But with iOS 17.5 simulator it seems to be broken. The call of CGImageDestinationFinalize writes this error into the console:

writeImageAtIndex:962: *** CMPhotoCompressionSessionAddImage: err = kCMPhotoError_UnsupportedOperation [-16994] (codec: 'hvc1')

On physical devices it still seems to work.

Is there any known workaround for the iOS simulator?