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System Center Virtual Machine Manager
A family of System Center products that enable enterprise-wide management of virtual machines.
418 questions
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In short - yes. The extent to which it affects performance is bound to vary, depending on the number of VMs you intend to host on that system. Installing Hyper-V feature alone would not likely have any meaningful impact on performance.
More at https://learn.microsoft.com/en-us/windows/arm/faq#windows-on-arm-virtual-machine-faq
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hth
Marcin