diff --git a/cmake/linker/ld/target_base.cmake b/cmake/linker/ld/target_base.cmake
index 455f834ac90..b92ec877371 100644
--- a/cmake/linker/ld/target_base.cmake
+++ b/cmake/linker/ld/target_base.cmake
@@ -34,8 +34,14 @@ macro(toolchain_ld_base)
   endif()
 
   if (CONFIG_LLVM_USE_LD)
+    if(CONFIG_LIBGCC_RTLIB)
+      set(runtime_lib "libgcc")
+    elseif(CONFIG_COMPILER_RT_RTLIB)
+      set(runtime_lib "compiler_rt")
+    endif()
+
     zephyr_link_libraries(
-      --config ${ZEPHYR_BASE}/cmake/toolchain/llvm/clang.cfg
+      --config ${ZEPHYR_BASE}/cmake/toolchain/llvm/clang_${runtime_lib}.cfg
     )
   endif()
 
diff --git a/cmake/linker/lld/target_base.cmake b/cmake/linker/lld/target_base.cmake
index bea80290143..82abe1fa142 100644
--- a/cmake/linker/lld/target_base.cmake
+++ b/cmake/linker/lld/target_base.cmake
@@ -41,7 +41,13 @@ macro(toolchain_ld_base)
     )
   endif()
 
+  if(CONFIG_LIBGCC_RTLIB)
+    set(runtime_lib "libgcc")
+  elseif(CONFIG_COMPILER_RT_RTLIB)
+    set(runtime_lib "compiler_rt")
+  endif()
+
   zephyr_link_libraries(
-    --config ${ZEPHYR_BASE}/cmake/toolchain/llvm/clang.cfg
+    --config ${ZEPHYR_BASE}/cmake/toolchain/llvm/clang_${runtime_lib}.cfg
   )
 endmacro()
diff --git a/cmake/toolchain/llvm/clang_compiler_rt.cfg b/cmake/toolchain/llvm/clang_compiler_rt.cfg
new file mode 100644
index 00000000000..cd0d01ef0e9
--- /dev/null
+++ b/cmake/toolchain/llvm/clang_compiler_rt.cfg
@@ -0,0 +1,4 @@
+# Copyright (c) 2023 The ChromiumOS Authors
+# SPDX-License-Identifier: Apache-2.0
+
+--rtlib=compiler-rt
diff --git a/cmake/toolchain/llvm/clang.cfg b/cmake/toolchain/llvm/clang_libgcc.cfg
similarity index 100%
rename from cmake/toolchain/llvm/clang.cfg
rename to cmake/toolchain/llvm/clang_libgcc.cfg
diff --git a/cmake/toolchain/llvm/generic.cmake b/cmake/toolchain/llvm/generic.cmake
index f0a8cf45355..0b138c2868c 100644
--- a/cmake/toolchain/llvm/generic.cmake
+++ b/cmake/toolchain/llvm/generic.cmake
@@ -19,7 +19,4 @@ set(BINTOOLS llvm)
 
 set(TOOLCHAIN_HAS_NEWLIB OFF CACHE BOOL "True if toolchain supports newlib")
 
-list(APPEND TOOLCHAIN_C_FLAGS --config ${ZEPHYR_BASE}/cmake/toolchain/llvm/clang.cfg)
-list(APPEND TOOLCHAIN_LD_FLAGS --config ${ZEPHYR_BASE}/cmake/toolchain/llvm/clang.cfg)
-
 message(STATUS "Found toolchain: host (clang/ld)")
diff --git a/cmake/toolchain/llvm/target.cmake b/cmake/toolchain/llvm/target.cmake
index cef6c3296e7..38097229125 100644
--- a/cmake/toolchain/llvm/target.cmake
+++ b/cmake/toolchain/llvm/target.cmake
@@ -42,3 +42,14 @@ if(DEFINED triple)
 
   unset(triple)
 endif()
+
+if(CONFIG_LIBGCC_RTLIB)
+  set(runtime_lib "libgcc")
+elseif(CONFIG_COMPILER_RT_RTLIB)
+  set(runtime_lib "compiler_rt")
+endif()
+
+list(APPEND TOOLCHAIN_C_FLAGS --config
+	${ZEPHYR_BASE}/cmake/toolchain/llvm/clang_${runtime_lib}.cfg)
+list(APPEND TOOLCHAIN_LD_FLAGS --config
+	${ZEPHYR_BASE}/cmake/toolchain/llvm/clang_${runtime_lib}.cfg)
diff --git a/lib/Kconfig b/lib/Kconfig
index b57628a759d..761b1393e57 100644
--- a/lib/Kconfig
+++ b/lib/Kconfig
@@ -18,4 +18,6 @@ source "lib/open-amp/Kconfig"
 source "lib/smf/Kconfig"
 
 source "lib/acpi/Kconfig"
+
+source "lib/runtime/Kconfig"
 endmenu
diff --git a/lib/runtime/Kconfig b/lib/runtime/Kconfig
new file mode 100644
index 00000000000..afb78f5b82b
--- /dev/null
+++ b/lib/runtime/Kconfig
@@ -0,0 +1,26 @@
+# Copyright (c) 2023 The ChromiumOS Authors
+# SPDX-License-Identifier: Apache-2.0
+
+config COMPILER_RT_SUPPORTED
+	bool
+	default y
+	depends on "${ZEPHYR_TOOLCHAIN_VARIANT}" = "llvm"
+	help
+	  Selected when the compiler supports compiler-rt runtime library.
+
+choice RTLIB_IMPLEMENTATION
+	prompt "Runtime library implementation"
+	default LIBGCC_RTLIB
+
+config LIBGCC_RTLIB
+	bool "GNU Libgcc"
+	help
+	  Use libgcc as a runtime library.
+
+config COMPILER_RT_RTLIB
+	bool "LLVM compiler-rt"
+	depends on COMPILER_RT_SUPPORTED
+	help
+	  Use LLVM compiler-rt as a runtime library.
+
+endchoice
diff --git a/scripts/ci/check_compliance.py b/scripts/ci/check_compliance.py
index 215d91203fb..aa3daf2f572 100755
--- a/scripts/ci/check_compliance.py
+++ b/scripts/ci/check_compliance.py
@@ -631,6 +631,7 @@ flagged.
         "CDC_ACM_PORT_NAME_",
         "CLOCK_STM32_SYSCLK_SRC_",
         "CMU",
+        "COMPILER_RT_RTLIB",
         "BT_6LOWPAN",  # Defined in Linux, mentioned in docs
         "CMD_CACHE",  # Defined in U-Boot, mentioned in docs
         "COUNTER_RTC_STM32_CLOCK_SRC",
@@ -647,6 +648,7 @@ flagged.
         "FOO_SETTING_1",
         "FOO_SETTING_2",
         "LSM6DSO_INT_PIN",
+        "LIBGCC_RTLIB",
         "LLVM_USE_LD",   # Both LLVM_USE_* are in cmake/toolchain/llvm/Kconfig
         "LLVM_USE_LLD",  # which are only included if LLVM is selected but
                          # not other toolchains. Compliance check would complain,