Same issue, can't build or run or really do anything for up to 15 minutes, happens with every branch change, any time I need to run clean, and sometimes just randomly. Makes Xcode almost completely unusable. Come on Apple do better! I am losing hours of time everyday to this crap
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We are having this same issue now, today, nice months later! How is this still not resolved?
Having this issue as well
Found the solution to this!
run instruments from Xcode > Open Developer Tool > Instruments
select your iPhone device from the target menu in the top left of the instruments view
tap record to start a session
you may have to manually launch the app on your device, but you should see you processes start to appear
Note: there seems to be a little delay in rendering the process graphs, which is to be expected