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

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.

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?

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