32 GB ram. 2.9 GHz 6-Core Intel Core i9.
Good info, thanks.
As a data point, running Xcode 12 GM on a soon-to-be-obsoleted late 2012 mac mini w/16 GB ram, it consumed shockingly little CPU, single digits, and less than 300mb ram when handling a simple hello world project to an iPhone 8. I then built a legacy mid-sized project, and while the machine load remained low, it took it's time walking thru/indexing 125 tasks, finally completing with no other drama.
The mini remained responsive as well. Definetly a contrast over previous versions. Quite the surprise, actually.
Doesn't help you of course, but hopefully whatever is going on comes down to bugs that can be squashed soon.
Good luck.