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Xcode 15 does not show Version and Build settings for app extensions in Project > Targets > target > General any more. In Xcode 14 I have been manually changing those versions to keep them in sync (and avoid warnings or errors). Moving the setting from target level to project level as suggested by Eskimo from Apple fixed the problem (and simplifies the workflow so that I do not need to manually keep the versions in sync). How to move the settings? Go to Project > main target > Build Settings. Enable "Levels". Enter CURRENT_PROJECT_VERSION into Filter. Edit the value for the project level (double click on the empty value in the project column). Remove the value for the main target level (single click the value in the target column, press Delete key on keyboard). Similarly for the MARKETING_VERSION. Enter it into Filter, enter the value for the project level, remove it from target level. Then, for each app extension target (Project > an app extension target > Build Settings): Remove the project level value for both settings.

I solved it for good by upgrading from Intel to M2 Mac mini back in August and it was very worth it. (I wouldn't bet on Apple to fix the issue on Intel.)

Look like it does not crash when using older simulators, e.g. iPhone 5S (iOS 12) or iPhone SE 1st gen (iOS 15). Somebody else mentioned iPhone 7 (iOS 15) also works. (It also does not crash when not running any simulator.) Otherwise it crashes when running e.g. iPhone 12 or iPhone 14 simulators even in Xcode 14.1 or 14.2.