There are no valid inertial frames for an object moving at the speed of light. The idea that “a photon doesn’t experience time” is a common, but misleadingly incorrect statement, since we can’t define a reference frame for it. Sometimes this misconception can be useful for conveying some qualitative ideas (photons don’t decay), but often it leads to contradictions like your question about Hawking Radiation for black holes.
Couldn’t the same be said about black holes/singularities?
Yet they will evaporate via Hawking Radiation, over the course of eons upon eons of time.
There are no valid inertial frames for an object moving at the speed of light. The idea that “a photon doesn’t experience time” is a common, but misleadingly incorrect statement, since we can’t define a reference frame for it. Sometimes this misconception can be useful for conveying some qualitative ideas (photons don’t decay), but often it leads to contradictions like your question about Hawking Radiation for black holes.