I have the same problem

Launching lib/main.dart on iPhone 15 Pro Max in debug mode... Running pod install... 17.4s Running Xcode build...
Xcode build done. 40.9s Failed to build iOS app Error (Xcode): no such file or directory: '/Users/rensithudaragonalagoda/Library/Developer/Xcode/DerivedData/ModuleCache.noindex/Session.modulevalidation'

Error (Xcode): stat cache file '/Users/rensithudaragonalagoda/Library/Developer/Xcode/DerivedData/SDKStatCaches.noindex/iphonesimulator18.0-22A3362-db63dc9361471f152f572502bdbfe70a.sdkstatcache' not found

Could not build the application for the simulator. Error launching application on iPhone 15 Pro Max.