Yes, it’s right in the name “trusted platform module”. There is no secret that their ambition is to become a space to run code outside the user’s reach and scrutiny.
They start with the most legitimate and innocuous purpose. Once it is adopted and ubiquitous it will not suffer the fate of the other attempts and rotting on the vine.
Then surprise TPM 5.0 become full scale full speed trusted execution environment and it’s too late to do anything about it. Eventually , non trusted processing capability will be phased out and only Intel and signed code will run.