Unable to load standard library for target arm64-apple-ios8.0 in XCode 12.2 on Macbook Air M1

Using Swift
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1

When I build my React Native app on new Macbook Air with M1 get the error:

unable to load standard library for target 'arm64-apple-ios8.0'
failed to build module 'SciChart' from its module interface; the compiler that produced it, 'Apple Swift version 5.1.3 (swiftlang-1100.0.282.1 clang-1100.0.33.15)', may have used features that aren't supported by this compiler, 'Apple Swift version 5.3.2 (swiftlang-1200.0.45 clang-1200.0.32.28)

If I build it on usual Macbook Pro on intel chip there is no errors. Please can you help me how to slove this error.

2

There are likely additional errors emitted alongside this error, that specify why it was unable to compile the module interface. Do you happen to have those still?