Interesting enough, there is a way to bypass the TPM and CPU check and believe it or not, this came directly from Microsoft. All you need to do is add a registry key value into your machine.
If you decide to do this, do make sure to be careful as your machine could turn haywire if you did something wrong in the Registry Editor. So, here are the steps: Do note that you still need a TPM 1.2 chip to be present and enabled in your machine before you can install Windows 11. Furthermore, Microsoft has said that unsupported PC will not be entitled to updates and that also include security updates.