diff --git a/arch/arc/Kconfig b/arch/arc/Kconfig
index 6312f607932fd2241782827cce2ec7968ea3c8b6..bb15e8062b1f8ae867c83a1f4dbdf1c3ca1e1233 100644
--- a/arch/arc/Kconfig
+++ b/arch/arc/Kconfig
@@ -413,7 +413,7 @@ config ARC_HAS_RTC
 	default n
 	depends on !SMP
 
-config ARC_HAS_GRTC
+config ARC_HAS_GFRC
 	bool "SMP synchronized 64-bit cycle counter"
 	default y
 	depends on SMP
diff --git a/arch/arc/configs/vdk_hs38_smp_defconfig b/arch/arc/configs/vdk_hs38_smp_defconfig
index f36c047b33cad0c469bd2368bb3e5fa4260535e5..735985974a3136d2a1b1d6184ff754efd0a02743 100644
--- a/arch/arc/configs/vdk_hs38_smp_defconfig
+++ b/arch/arc/configs/vdk_hs38_smp_defconfig
@@ -16,7 +16,7 @@ CONFIG_ARC_PLAT_AXS10X=y
 CONFIG_AXS103=y
 CONFIG_ISA_ARCV2=y
 CONFIG_SMP=y
-# CONFIG_ARC_HAS_GRTC is not set
+# CONFIG_ARC_HAS_GFRC is not set
 CONFIG_ARC_UBOOT_SUPPORT=y
 CONFIG_ARC_BUILTIN_DTB_NAME="vdk_hs38_smp"
 CONFIG_PREEMPT=y
diff --git a/arch/arc/include/asm/mcip.h b/arch/arc/include/asm/mcip.h
index 46f4e5351b2a56e96d440a27201fc612d2e9c195..847e3bbe387fc92f9b4433bf7e08fc0b11e3ec70 100644
--- a/arch/arc/include/asm/mcip.h
+++ b/arch/arc/include/asm/mcip.h
@@ -39,8 +39,8 @@ struct mcip_cmd {
 #define CMD_DEBUG_SET_MASK		0x34
 #define CMD_DEBUG_SET_SELECT		0x36
 
-#define CMD_GRTC_READ_LO		0x42
-#define CMD_GRTC_READ_HI		0x43
+#define CMD_GFRC_READ_LO		0x42
+#define CMD_GFRC_READ_HI		0x43
 
 #define CMD_IDU_ENABLE			0x71
 #define CMD_IDU_DISABLE			0x72
diff --git a/arch/arc/kernel/mcip.c b/arch/arc/kernel/mcip.c
index bd237acdf4f2f9601efbf4c25c45067ddd2b69d9..bc771f58fefb4a9c67c90781bf520d4004f61fa2 100644
--- a/arch/arc/kernel/mcip.c
+++ b/arch/arc/kernel/mcip.c
@@ -96,13 +96,13 @@ static void mcip_probe_n_setup(void)
 #ifdef CONFIG_CPU_BIG_ENDIAN
 		unsigned int pad3:8,
 			     idu:1, llm:1, num_cores:6,
-			     iocoh:1,  grtc:1, dbg:1, pad2:1,
+			     iocoh:1,  gfrc:1, dbg:1, pad2:1,
 			     msg:1, sem:1, ipi:1, pad:1,
 			     ver:8;
 #else
 		unsigned int ver:8,
 			     pad:1, ipi:1, sem:1, msg:1,
-			     pad2:1, dbg:1, grtc:1, iocoh:1,
+			     pad2:1, dbg:1, gfrc:1, iocoh:1,
 			     num_cores:6, llm:1, idu:1,
 			     pad3:8;
 #endif
@@ -116,7 +116,7 @@ static void mcip_probe_n_setup(void)
 		IS_AVAIL1(mp.ipi, "IPI "),
 		IS_AVAIL1(mp.idu, "IDU "),
 		IS_AVAIL1(mp.dbg, "DEBUG "),
-		IS_AVAIL1(mp.grtc, "GRTC"));
+		IS_AVAIL1(mp.gfrc, "GFRC"));
 
 	idu_detected = mp.idu;
 
@@ -125,8 +125,8 @@ static void mcip_probe_n_setup(void)
 		__mcip_cmd_data(CMD_DEBUG_SET_MASK, 0xf, 0xf);
 	}
 
-	if (IS_ENABLED(CONFIG_ARC_HAS_GRTC) && !mp.grtc)
-		panic("kernel trying to use non-existent GRTC\n");
+	if (IS_ENABLED(CONFIG_ARC_HAS_GFRC) && !mp.gfrc)
+		panic("kernel trying to use non-existent GFRC\n");
 }
 
 struct plat_smp_ops plat_smp_ops = {
diff --git a/arch/arc/kernel/time.c b/arch/arc/kernel/time.c
index dfad287f1db1c6b55b86faacc0b40d2472636795..156d9833ff84b5c77b7a7bd95d2be15c81d7cbf9 100644
--- a/arch/arc/kernel/time.c
+++ b/arch/arc/kernel/time.c
@@ -62,7 +62,7 @@
 
 /********** Clock Source Device *********/
 
-#ifdef CONFIG_ARC_HAS_GRTC
+#ifdef CONFIG_ARC_HAS_GFRC
 
 static int arc_counter_setup(void)
 {
@@ -83,10 +83,10 @@ static cycle_t arc_counter_read(struct clocksource *cs)
 
 	local_irq_save(flags);
 
-	__mcip_cmd(CMD_GRTC_READ_LO, 0);
+	__mcip_cmd(CMD_GFRC_READ_LO, 0);
 	stamp.l = read_aux_reg(ARC_REG_MCIP_READBACK);
 
-	__mcip_cmd(CMD_GRTC_READ_HI, 0);
+	__mcip_cmd(CMD_GFRC_READ_HI, 0);
 	stamp.h = read_aux_reg(ARC_REG_MCIP_READBACK);
 
 	local_irq_restore(flags);
@@ -95,7 +95,7 @@ static cycle_t arc_counter_read(struct clocksource *cs)
 }
 
 static struct clocksource arc_counter = {
-	.name   = "ARConnect GRTC",
+	.name   = "ARConnect GFRC",
 	.rating = 400,
 	.read   = arc_counter_read,
 	.mask   = CLOCKSOURCE_MASK(64),