It's possible, but it's a bunch of work. Selfishly, I think it'd be really cool if we did this, but realistically it's not worth it.
The use cases for linux/arm64 are pretty limited at the moment:
* Raspberry Pis (not fast enough to build chromium on these)
* People running Asahi or Linux VMs on Apple Silicon macbooks (there aren't that many people here – albeit I'm one of them, and you can build chromium on macOS)
* I think some VMs on Amazon's cloud are ARM
So at the moment, it doesn't seem like it's worth it. This might change in the future.
(Having said that, I think it is possible to cross-build linux/arm64 on an intel linux machine and get a working build. It's' not something we officially support, but we did work with the community to accept patches for variable page size for this, for example.)