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Microsoft says “Prism” translation layer does for Arm PCs what Rosetta did for Macs
(arstechnica.com)
This is a most excellent place for technology news and articles.
"Windows apps are mostly compiled for x86 and they won't run on ARM with bare Wine"
What you linked is an effort to combine WINE with the QEMU x86 emulator which is an emulator because it emulates CPU calls. Hint that it's an emulator is in the name "QEMU" and an actual quote from the wiki page you linked and clearly didn't care to read: "Running Windows/x86 Applications: See Emulation"
EDIT: Let me also quote from the readme file of the Hangover project: