It’s caused by vulkan. To fix it, you must turn vulkan off on emulator or chrome.
# Here's how to disable Vulkan apps to talk to the emulator.
# Add the following lines to ~/.android/advancedFeatures.ini (create this file if it doesn't exist already):
Vulkan = off
GLDirectMem = on
If you want to use both vukan and chrome on emulator, just mark vulkan flag as disabled in chrome://flags and re-enable Vulkan on emulator by changing Vulkan value to on or deleting advancedFeatures.ini.