While working on this issue further, I realized that you don't need to change all deployment targets for this to work. You just need to change any targets with iOS version below 9.0 to iOS 11.0. Just FYI!

I now add this to the podfile so that any iOS target <8.0 get bumped up to 11.0:

Hey kngmarcel, I had the EXACT same issue, and it is because Cocoapods do absolute path, while Xcode 14.3 now does relative path. Here is the solution that works for me: https://github.com/CocoaPods/CocoaPods/pull/11828#discussion_r1155064526

The complete steps here: https://github.com/CocoaPods/CocoaPods/pull/11828#discussion_r1155064526