diff --git a/cmake/modules/arch.cmake b/cmake/modules/arch_v1.cmake
similarity index 58%
rename from cmake/modules/arch.cmake
rename to cmake/modules/arch_v1.cmake
index 806b5c12b58..613182f0723 100644
--- a/cmake/modules/arch.cmake
+++ b/cmake/modules/arch_v1.cmake
@@ -2,6 +2,10 @@
 #
 # Copyright (c) 2022, Nordic Semiconductor ASA
 
+#
+# This CMake module is only valid for hw model v1.
+# In hw model v1, then arch is determined by the board folder structure.
+#
 # Configure ARCH settings based on board directory and arch root.
 #
 # This CMake module will set the following variables in the build system based
@@ -25,24 +29,26 @@
 
 include_guard(GLOBAL)
 
-# 'ARCH_ROOT' is a prioritized list of directories where archs may be
-# found. It always includes ${ZEPHYR_BASE} at the lowest priority (except for unittesting).
-if(NOT unittest IN_LIST Zephyr_FIND_COMPONENTS)
-  list(APPEND ARCH_ROOT ${ZEPHYR_BASE})
-endif()
+if(HWMv1)
+  # 'ARCH_ROOT' is a prioritized list of directories where archs may be
+  # found. It always includes ${ZEPHYR_BASE} at the lowest priority (except for unittesting).
+  if(NOT unittest IN_LIST Zephyr_FIND_COMPONENTS)
+    list(APPEND ARCH_ROOT ${ZEPHYR_BASE})
+  endif()
 
-cmake_path(GET BOARD_DIR PARENT_PATH board_arch_dir)
-cmake_path(GET board_arch_dir FILENAME ARCH)
+  cmake_path(GET BOARD_DIR PARENT_PATH board_arch_dir)
+  cmake_path(GET board_arch_dir FILENAME ARCH)
 
-foreach(root ${ARCH_ROOT})
-  if(EXISTS ${root}/arch/${ARCH}/CMakeLists.txt)
-    set(ARCH_DIR ${root}/arch)
-    break()
-  endif()
-endforeach()
+  foreach(root ${ARCH_ROOT})
+    if(EXISTS ${root}/arch/${ARCH}/CMakeLists.txt)
+      set(ARCH_DIR ${root}/arch)
+      break()
+    endif()
+  endforeach()
 
-if(NOT ARCH_DIR)
-  message(FATAL_ERROR "Could not find ARCH=${ARCH} for BOARD=${BOARD}, \
+  if(NOT ARCH_DIR)
+    message(FATAL_ERROR "Could not find ARCH=${ARCH} for BOARD=${BOARD}, \
 please check your installation. ARCH roots searched: \n\
 ${ARCH_ROOT}")
+  endif()
 endif()
diff --git a/cmake/modules/arch_v2.cmake b/cmake/modules/arch_v2.cmake
new file mode 100644
index 00000000000..fd12a4a7a5f
--- /dev/null
+++ b/cmake/modules/arch_v2.cmake
@@ -0,0 +1,41 @@
+# SPDX-License-Identifier: Apache-2.0
+#
+# Copyright (c) 2023, Nordic Semiconductor ASA
+
+#
+# Configure ARCH settings based on KConfig settings and arch root.
+#
+# This CMake module will set the following variables in the build system based
+# on board directory and arch root.
+#
+# If no implementation is available for the current arch an error will be raised.
+#
+# Outcome:
+# The following variables will be defined when this CMake module completes:
+#
+# - ARCH:      Name of the arch in use.
+# - ARCH_DIR:  Directory containing the arch implementation.
+# - ARCH_ROOT: ARCH_ROOT with ZEPHYR_BASE appended
+#
+# Variable dependencies:
+# - ARCH_ROOT: CMake list of arch roots containing arch implementations
+#
+# Variables set by this module and not mentioned above are considered internal
+# use only and may be removed, renamed, or re-purposed without prior notice.
+
+include_guard(GLOBAL)
+
+if(HWMv2)
+  # HWMv2 obtains arch from Kconfig for the given Board / SoC variant because
+  # the Board / SoC path is no longer sufficient for determine the arch
+  # (read: multi-core and multi-arch SoC).
+  set(ARCH ${CONFIG_ARCH})
+  string(TOUPPER "${ARCH}" arch_upper)
+  cmake_path(GET ARCH_V2_${arch_upper}_DIR PARENT_PATH ARCH_DIR)
+
+  if(NOT ARCH_DIR)
+    message(FATAL_ERROR "Could not find ARCH=${ARCH} for BOARD=${BOARD}, \
+please check your installation. ARCH roots searched: \n\
+${ARCH_ROOT}")
+  endif()
+endif()
diff --git a/cmake/modules/soc.cmake b/cmake/modules/soc.cmake
deleted file mode 100644
index 5253620b6b9..00000000000
--- a/cmake/modules/soc.cmake
+++ /dev/null
@@ -1,71 +0,0 @@
-# SPDX-License-Identifier: Apache-2.0
-#
-# Copyright (c) 2021, Nordic Semiconductor ASA
-
-# Configure SoC settings based on Kconfig settings and SoC root.
-#
-# This CMake module will set the following variables in the build system based
-# on Kconfig settings and selected SoC.
-#
-# If no implementation is available for the selected SoC an error will be raised.
-#
-# Outcome:
-# The following variables will be defined when this CMake module completes:
-#
-# - SOC_NAME:   Name of the SoC in use, identical to CONFIG_SOC
-# - SOC_SERIES: Name of the SoC series in use, identical to CONFIG_SOC_SERIES
-# - SOC_FAMILY: Name of the SoC family, identical to CONFIG_SOC_FAMILY
-# - SOC_PATH:   Path fragment defined by either SOC_NAME or SOC_FAMILY/SOC_SERIES.
-# - SOC_DIR:    Directory containing the SoC implementation
-# - SOC_ROOT:   SOC_ROOT with ZEPHYR_BASE appended
-#
-# Variable dependencies:
-# - SOC_ROOT: CMake list of SoC roots containing SoC implementations
-#
-# Variables set by this module and not mentioned above are considered internal
-# use only and may be removed, renamed, or re-purposed without prior notice.
-
-include_guard(GLOBAL)
-
-include(kconfig)
-
-# 'SOC_ROOT' is a prioritized list of directories where socs may be
-# found. It always includes ${ZEPHYR_BASE}/soc at the lowest priority.
-list(APPEND SOC_ROOT ${ZEPHYR_BASE})
-
-set(SOC_NAME   ${CONFIG_SOC})
-set(SOC_SERIES ${CONFIG_SOC_SERIES})
-set(SOC_TOOLCHAIN_NAME ${CONFIG_SOC_TOOLCHAIN_NAME})
-set(SOC_FAMILY ${CONFIG_SOC_FAMILY})
-
-if("${SOC_SERIES}" STREQUAL "")
-  set(SOC_PATH ${SOC_NAME})
-else()
-  set(SOC_PATH ${SOC_FAMILY}/${SOC_SERIES})
-endif()
-
-# Use SOC to search for a 'CMakeLists.txt' file.
-# e.g. zephyr/soc/xtensa/intel_adsp/CMakeLists.txt.
-foreach(root ${SOC_ROOT})
-  # Check that the root looks reasonable.
-  if(NOT IS_DIRECTORY "${root}/soc")
-    message(WARNING "\nSOC_ROOT element(s) without a 'soc' subdirectory:
-${root}
-Hints:
-  - if your SoC family directory is '/foo/bar/soc/<ARCH>/my_soc_family', then add '/foo/bar' to SOC_ROOT, not the entire SoC family path
-  - if in doubt, use absolute paths\n")
-  endif()
-
-  if(EXISTS ${root}/soc/${ARCH}/${SOC_PATH})
-    set(SOC_DIR ${root}/soc)
-    break()
-  endif()
-endforeach()
-
-if(NOT SOC_DIR)
-  message(FATAL_ERROR "Could not find SOC=${SOC_NAME} for BOARD=${BOARD},\n"
-          "please check your installation.\n"
-          "SOC roots searched:\n"
-          "${SOC_ROOT}\n"
-  )
-endif()
diff --git a/cmake/modules/soc_v1.cmake b/cmake/modules/soc_v1.cmake
new file mode 100644
index 00000000000..9bf24bc070f
--- /dev/null
+++ b/cmake/modules/soc_v1.cmake
@@ -0,0 +1,73 @@
+# SPDX-License-Identifier: Apache-2.0
+#
+# Copyright (c) 2021, Nordic Semiconductor ASA
+
+# Configure SoC settings based on Kconfig settings and SoC root.
+#
+# This CMake module will set the following variables in the build system based
+# on Kconfig settings and selected SoC.
+#
+# If no implementation is available for the selected SoC an error will be raised.
+#
+# Outcome:
+# The following variables will be defined when this CMake module completes:
+#
+# - SOC_NAME:   Name of the SoC in use, identical to CONFIG_SOC
+# - SOC_SERIES: Name of the SoC series in use, identical to CONFIG_SOC_SERIES
+# - SOC_FAMILY: Name of the SoC family, identical to CONFIG_SOC_FAMILY
+# - SOC_PATH:   Path fragment defined by either SOC_NAME or SOC_FAMILY/SOC_SERIES.
+# - SOC_DIR:    Directory containing the SoC implementation
+# - SOC_ROOT:   SOC_ROOT with ZEPHYR_BASE appended
+#
+# Variable dependencies:
+# - SOC_ROOT: CMake list of SoC roots containing SoC implementations
+#
+# Variables set by this module and not mentioned above are considered internal
+# use only and may be removed, renamed, or re-purposed without prior notice.
+
+include_guard(GLOBAL)
+
+include(kconfig)
+
+if(HWMv1)
+  # 'SOC_ROOT' is a prioritized list of directories where socs may be
+  # found. It always includes ${ZEPHYR_BASE}/soc at the lowest priority.
+  list(APPEND SOC_ROOT ${ZEPHYR_BASE})
+
+  set(SOC_NAME   ${CONFIG_SOC})
+  set(SOC_SERIES ${CONFIG_SOC_SERIES})
+  set(SOC_TOOLCHAIN_NAME ${CONFIG_SOC_TOOLCHAIN_NAME})
+  set(SOC_FAMILY ${CONFIG_SOC_FAMILY})
+
+  if("${SOC_SERIES}" STREQUAL "")
+    set(SOC_PATH ${SOC_NAME})
+  else()
+    set(SOC_PATH ${SOC_FAMILY}/${SOC_SERIES})
+  endif()
+
+  # Use SOC to search for a 'CMakeLists.txt' file.
+  # e.g. zephyr/soc/xtensa/intel_adsp/CMakeLists.txt.
+  foreach(root ${SOC_ROOT})
+    # Check that the root looks reasonable.
+    if(NOT IS_DIRECTORY "${root}/soc")
+      message(WARNING "\nSOC_ROOT element(s) without a 'soc' subdirectory:
+  ${root}
+  Hints:
+    - if your SoC family directory is '/foo/bar/soc/<ARCH>/my_soc_family', then add '/foo/bar' to SOC_ROOT, not the entire SoC family path
+    - if in doubt, use absolute paths\n")
+    endif()
+
+    if(EXISTS ${root}/soc/${ARCH}/${SOC_PATH})
+      set(SOC_DIR ${root}/soc)
+      break()
+    endif()
+  endforeach()
+
+  if(NOT SOC_DIR)
+    message(FATAL_ERROR "Could not find SOC=${SOC_NAME} for BOARD=${BOARD},\n"
+            "please check your installation.\n"
+            "SOC roots searched:\n"
+            "${SOC_ROOT}\n"
+    )
+  endif()
+endif()
diff --git a/cmake/modules/soc_v2.cmake b/cmake/modules/soc_v2.cmake
new file mode 100644
index 00000000000..086d87a7540
--- /dev/null
+++ b/cmake/modules/soc_v2.cmake
@@ -0,0 +1,29 @@
+# SPDX-License-Identifier: Apache-2.0
+#
+# Copyright (c) 2021, Nordic Semiconductor ASA
+
+# Configure SoC settings based on Kconfig settings.
+#
+# This CMake module will set the following variables in the build system based
+# on Kconfig settings for the selected SoC.
+#
+# Outcome:
+# The following variables will be defined when this CMake module completes:
+#
+# - SOC_NAME:   Name of the SoC in use, identical to CONFIG_SOC
+# - SOC_SERIES: Name of the SoC series in use, identical to CONFIG_SOC_SERIES
+# - SOC_FAMILY: Name of the SoC family, identical to CONFIG_SOC_FAMILY
+#
+# Variables set by this module and not mentioned above are considered internal
+# use only and may be removed, renamed, or re-purposed without prior notice.
+
+include_guard(GLOBAL)
+
+include(kconfig)
+
+if(HWMv2)
+  set(SOC_NAME   ${CONFIG_SOC})
+  set(SOC_SERIES ${CONFIG_SOC_SERIES})
+  set(SOC_TOOLCHAIN_NAME ${CONFIG_SOC_TOOLCHAIN_NAME})
+  set(SOC_FAMILY ${CONFIG_SOC_FAMILY})
+endif()
diff --git a/cmake/modules/zephyr_default.cmake b/cmake/modules/zephyr_default.cmake
index a957fc9a256..7472331255b 100644
--- a/cmake/modules/zephyr_default.cmake
+++ b/cmake/modules/zephyr_default.cmake
@@ -96,8 +96,8 @@ list(APPEND zephyr_cmake_modules zephyr_module)
 list(APPEND zephyr_cmake_modules boards)
 list(APPEND zephyr_cmake_modules shields)
 list(APPEND zephyr_cmake_modules snippets)
+list(APPEND zephyr_cmake_modules arch_v1)
 list(APPEND zephyr_cmake_modules hwm_v2)
-list(APPEND zephyr_cmake_modules arch)
 list(APPEND zephyr_cmake_modules configuration_files)
 list(APPEND zephyr_cmake_modules generated_file_directories)
 
@@ -109,7 +109,9 @@ list(APPEND zephyr_cmake_modules "\${pre_dt_board}")
 # kconfig and dts should be available at the same time.
 list(APPEND zephyr_cmake_modules dts)
 list(APPEND zephyr_cmake_modules kconfig)
-list(APPEND zephyr_cmake_modules soc)
+list(APPEND zephyr_cmake_modules arch_v2)
+list(APPEND zephyr_cmake_modules soc_v1)
+list(APPEND zephyr_cmake_modules soc_v2)
 
 foreach(component ${SUB_COMPONENTS})
   if(NOT ${component} IN_LIST zephyr_cmake_modules)