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Unknown toolchain GCC 10.2.1

I am getting started with Arm Development Studio on Windows. I want to use the gcc compiler to target Cortex M4.

I downloaded gcc-arm-none-eabi-10.3-2021.07-win32.exe, installed it and added it as a toolchain in the IDE.

I am trying to build the calendar_Armv7-A_GCC example project.

When I open project properties I see:


How do I resolve the 'unknown toolchain' error please?