amdgpu (the Linux driver) does not support HDMI 2.1 because the HDMI Forum does not allow them to open source their implementation.
Valve would have to provide their own solution and I assume they have not been able to deal with the crooks at the HDMI Forum yet either.
BetaDoggo_@lemmy.world 2 hours ago
It’s the HDMI forum’s fault, they won’t allow amd to add HDMI 2.1 support to their Linux driver. It’s very possible that the hardware itself does support 2.1.
More detailed explanation here: www.phoronix.com/news/HDMI-2.1-OSS-Rejected