diff --git a/cmake/modules/hwm_v2.cmake b/cmake/modules/hwm_v2.cmake
index c4feb03736e..a440c95c832 100644
--- a/cmake/modules/hwm_v2.cmake
+++ b/cmake/modules/hwm_v2.cmake
@@ -73,19 +73,23 @@ while(TRUE)
     string(TOUPPER "${ARCH_V2_NAME}" ARCH_V2_NAME_UPPER)
     set(ARCH_V2_${ARCH_V2_NAME_UPPER}_DIR ${ARCH_V2_DIR})
   elseif(HWM_TYPE MATCHES "^soc|^series|^family")
-    cmake_parse_arguments(SOC_V2 "" "NAME;DIR;HWM" "" ${line})
+    cmake_parse_arguments(SOC_V2 "" "NAME;HWM" "DIR" ${line})
 
     list(APPEND kconfig_soc_source_dir "${SOC_V2_DIR}")
+    string(TOUPPER "${SOC_V2_NAME}" SOC_V2_NAME_UPPER)
+    string(TOUPPER "${HWM_TYPE}" HWM_TYPE_UPPER)
 
     if(HWM_TYPE STREQUAL "soc")
-      set(setting_name SOC_${SOC_V2_NAME}_DIR)
+      # We support both SOC_foo_DIR and SOC_FOO_DIR.
+      set(SOC_${SOC_V2_NAME}_DIRECTORIES ${SOC_V2_DIR})
+      set(SOC_${SOC_V2_NAME_UPPER}_DIRECTORIES ${SOC_V2_DIR})
+      list(GET SOC_V2_DIR 0 SOC_${SOC_V2_NAME}_DIR)
+      list(GET SOC_V2_DIR 0 SOC_${SOC_V2_NAME_UPPER}_DIR)
     else()
-      set(setting_name SOC_${HWM_TYPE}_${SOC_V2_NAME}_DIR)
+      # We support both SOC_series_foo_DIR and SOC_SERIES_FOO_DIR (and family /  FAMILY).
+      set(SOC_${HWM_TYPE}_${SOC_V2_NAME}_DIR ${SOC_V2_DIR})
+      set(SOC_${HWM_TYPE_UPPER}_${SOC_V2_NAME_UPPER}_DIR ${SOC_V2_DIR})
     endif()
-    # We support both SOC_foo_DIR and SOC_FOO_DIR.
-    set(${setting_name} ${SOC_V2_DIR})
-    string(TOUPPER ${setting_name} setting_name)
-    set(${setting_name} ${SOC_V2_DIR})
   endif()
 
   if(idx EQUAL -1)
diff --git a/cmake/modules/soc_v2.cmake b/cmake/modules/soc_v2.cmake
index 606ed690f77..f98d33e0011 100644
--- a/cmake/modules/soc_v2.cmake
+++ b/cmake/modules/soc_v2.cmake
@@ -28,5 +28,10 @@ if(HWMv2)
   set(SOC_FAMILY ${CONFIG_SOC_FAMILY})
   set(SOC_V2_DIR ${SOC_${SOC_NAME}_DIR})
   set(SOC_FULL_DIR ${SOC_V2_DIR} CACHE PATH "Path to the SoC directory." FORCE)
-  set_property(DIRECTORY APPEND PROPERTY CMAKE_CONFIGURE_DEPENDS ${SOC_V2_DIR}/soc.yml)
+  set(SOC_DIRECTORIES ${SOC_${SOC_NAME}_DIRECTORIES} CACHE INTERNAL
+      "List of SoC directories for SoC (${SOC_NAME})" FORCE
+  )
+  foreach(dir ${SOC_DIRECTORIES})
+    set_property(DIRECTORY APPEND PROPERTY CMAKE_CONFIGURE_DEPENDS ${dir}/soc.yml)
+  endforeach()
 endif()
diff --git a/scripts/list_hardware.py b/scripts/list_hardware.py
index cce6fbe9831..57c8b22586f 100755
--- a/scripts/list_hardware.py
+++ b/scripts/list_hardware.py
@@ -35,6 +35,7 @@ class Systems:
         self._socs = []
         self._series = []
         self._families = []
+        self._extended_socs = []
 
         if soc_yaml is None:
             return
@@ -47,12 +48,12 @@ class Systems:
             sys.exit(f'ERROR: Malformed yaml {soc_yaml.as_posix()}', e)
 
         for f in data.get('family', []):
-            family = Family(f['name'], folder, [], [])
+            family = Family(f['name'], [folder], [], [])
             for s in f.get('series', []):
-                series = Series(s['name'], folder, f['name'], [])
+                series = Series(s['name'], [folder], f['name'], [])
                 socs = [(Soc(soc['name'],
                              [c['name'] for c in soc.get('cpuclusters', [])],
-                             folder, s['name'], f['name']))
+                             [folder], s['name'], f['name']))
                         for soc in s.get('socs', [])]
                 series.socs.extend(socs)
                 self._series.append(series)
@@ -61,26 +62,36 @@ class Systems:
                 family.socs.extend(socs)
             socs = [(Soc(soc['name'],
                          [c['name'] for c in soc.get('cpuclusters', [])],
-                         folder, None, f['name']))
+                         [folder], None, f['name']))
                     for soc in f.get('socs', [])]
             self._socs.extend(socs)
             self._families.append(family)
 
         for s in data.get('series', []):
-            series = Series(s['name'], folder, '', [])
+            series = Series(s['name'], [folder], '', [])
             socs = [(Soc(soc['name'],
                          [c['name'] for c in soc.get('cpuclusters', [])],
-                         folder, s['name'], ''))
+                         [folder], s['name'], ''))
                     for soc in s.get('socs', [])]
             series.socs.extend(socs)
             self._series.append(series)
             self._socs.extend(socs)
 
-        socs = [(Soc(soc['name'],
-                     [c['name'] for c in soc.get('cpuclusters', [])],
-                     folder, '', ''))
-                for soc in data.get('socs', [])]
-        self._socs.extend(socs)
+        for soc in data.get('socs', []):
+            mutual_exclusive = {'name', 'extend'}
+            if len(mutual_exclusive - soc.keys()) < 1:
+                sys.exit(f'ERROR: Malformed content in SoC file: {soc_yaml}\n'
+                         f'{mutual_exclusive} are mutual exclusive at this level.')
+            if soc.get('name') is not None:
+                self._socs.append(Soc(soc['name'], [c['name'] for c in soc.get('cpuclusters', [])],
+                                  [folder], '', ''))
+            elif soc.get('extend') is not None:
+                self._extended_socs.append(Soc(soc['extend'],
+                                           [c['name'] for c in soc.get('cpuclusters', [])],
+                                           [folder], '', ''))
+            else:
+                sys.exit(f'ERROR: Malformed "socs" section in SoC file: {soc_yaml}\n'
+                         f'Cannot find one of required keys {mutual_exclusive}.')
 
         # Ensure that any runner configuration matches socs and cpuclusters declared in the same
         # soc.yml file
@@ -97,7 +108,7 @@ class Systems:
                             if components and components[-1] == 'ns':
                                 components.pop()
 
-                            for soc in self._socs:
+                            for soc in self._socs + self._extended_socs:
                                 if re.match(fr'^{soc_name}$', soc.name) is not None:
                                     if soc.cpuclusters and components:
                                         check_string = '/'.join(components)
@@ -133,8 +144,23 @@ class Systems:
     def extend(self, systems):
         self._families.extend(systems.get_families())
         self._series.extend(systems.get_series())
+
+        for es in self._extended_socs[:]:
+            for s in systems.get_socs():
+                if s.name == es.name:
+                    s.extend(es)
+                    self._extended_socs.remove(es)
+                    break
         self._socs.extend(systems.get_socs())
 
+        for es in systems.get_extended_socs():
+            for s in self._socs:
+                if s.name == es.name:
+                    s.extend(es)
+                    break
+            else:
+                self._extended_socs.append(es)
+
     def get_families(self):
         return self._families
 
@@ -144,6 +170,9 @@ class Systems:
     def get_socs(self):
         return self._socs
 
+    def get_extended_socs(self):
+        return self._extended_socs
+
     def get_soc(self, name):
         try:
             return next(s for s in self._socs if s.name == name)
@@ -156,15 +185,20 @@ class Systems:
 class Soc:
     name: str
     cpuclusters: List[str]
-    folder: str
+    folder: List[str]
     series: str = ''
     family: str = ''
 
+    def extend(self, soc):
+        if self.name == soc.name:
+            self.cpuclusters.extend(soc.cpuclusters)
+            self.folder.extend(soc.folder)
+
 
 @dataclass
 class Series:
     name: str
-    folder: str
+    folder: List[str]
     family: str
     socs: List[Soc]
 
@@ -172,7 +206,7 @@ class Series:
 @dataclass
 class Family:
     name: str
-    folder: str
+    folder: List[str]
     series: List[Series]
     socs: List[Soc]
 
@@ -289,7 +323,7 @@ def dump_v2_system(args, type, system):
         info = args.cmakeformat.format(
            TYPE='TYPE;' + type,
            NAME='NAME;' + system.name,
-           DIR='DIR;' + Path(system.folder).as_posix(),
+           DIR='DIR;' + ';'.join([Path(x).as_posix() for x in system.folder]),
            HWM='HWM;' + 'v2'
         )
     else:
diff --git a/scripts/schemas/soc-schema.yml b/scripts/schemas/soc-schema.yml
index c13b4a4f7e0..1d8537e8ad2 100644
--- a/scripts/schemas/soc-schema.yml
+++ b/scripts/schemas/soc-schema.yml
@@ -24,7 +24,22 @@ schema;soc-schema:
     - type: map
       mapping:
         name:
-          required: true
+          required: true # Note: either name or extend is required, but that is handled in python
+          type: str
+        cpuclusters:
+          include: cpucluster-schema
+
+schema;soc-extend-schema:
+  required: false
+  type: seq
+  sequence:
+    - type: map
+      mapping:
+        name:
+          required: false # Note: either name or extend is required, but that is handled in python
+          type: str
+        extend:
+          required: false # Note: either name or extend is required, but that is handled in python
           type: str
         cpuclusters:
           include: cpucluster-schema
@@ -60,7 +75,7 @@ mapping:
   series:
     include: series-schema
   socs:
-    include: soc-schema
+    include: soc-extend-schema
   vendor:
     required: false
     type: str