I have being facing the same issue for days, I was able to resolve it by manually installing the iOS 17.0 simulator via the terminal with a xcodebuild command.
**Command: xcodebuild -downloadPlatform iOS **
This command with download, verify and install the iOS 17.0 device support.
For me info you can checkout this link for apple developers - [https://developer.apple.com/documentation/xcode/installing-additional-simulator-runtimes).
Hopefully it will work for you guys.