How to resolve "deriveddata/consumerapp_v1/build/products/debug-iphonesimulator not found" issue

While running the app in simulator in m1 system, these type of issues will be identified. To Resolve this kind of issue, we have ensure few steps in the xcode setup.

Navigate to target/Buildsettings from the xcode and search for Excluded Architecture. And add the configuration as below.

Based on the need, we can add this for debug/release builds and save the required values.

Now delete the derived data and clean the project by build => clean. Now try running the project in the simulator.

Thanks for Reading.
Happy Coding