diff --git a/Kconfig b/Kconfig
index bf694c42af..d52ebd839b 100644
--- a/Kconfig
+++ b/Kconfig
@@ -2,3 +2,4 @@ source Kconfig.host
 source backends/Kconfig
 source accel/Kconfig
 source hw/Kconfig
+source semihosting/Kconfig
diff --git a/MAINTAINERS b/MAINTAINERS
index c5ff881892..3456993062 100644
--- a/MAINTAINERS
+++ b/MAINTAINERS
@@ -3249,7 +3249,7 @@ F: qapi/rdma.json
 Semihosting
 M: Alex Bennée <alex.bennee@linaro.org>
 S: Maintained
-F: hw/semihosting/
+F: semihosting/
 F: include/semihosting/
 
 Multi-process QEMU
diff --git a/hw/Kconfig b/hw/Kconfig
index 8ea26479c4..ff40bd3f7b 100644
--- a/hw/Kconfig
+++ b/hw/Kconfig
@@ -31,7 +31,6 @@ source remote/Kconfig
 source rtc/Kconfig
 source scsi/Kconfig
 source sd/Kconfig
-source semihosting/Kconfig
 source smbios/Kconfig
 source ssi/Kconfig
 source timer/Kconfig
diff --git a/hw/meson.build b/hw/meson.build
index e615d72d4d..8ba79b1a52 100644
--- a/hw/meson.build
+++ b/hw/meson.build
@@ -30,7 +30,6 @@ subdir('rdma')
 subdir('rtc')
 subdir('scsi')
 subdir('sd')
-subdir('semihosting')
 subdir('smbios')
 subdir('ssi')
 subdir('timer')
diff --git a/meson.build b/meson.build
index adeec153d9..a7d2dd429d 100644
--- a/meson.build
+++ b/meson.build
@@ -1951,6 +1951,7 @@ subdir('migration')
 subdir('monitor')
 subdir('net')
 subdir('replay')
+subdir('semihosting')
 subdir('hw')
 subdir('accel')
 subdir('plugins')
diff --git a/hw/semihosting/Kconfig b/semihosting/Kconfig
similarity index 100%
rename from hw/semihosting/Kconfig
rename to semihosting/Kconfig
diff --git a/hw/semihosting/arm-compat-semi.c b/semihosting/arm-compat-semi.c
similarity index 100%
rename from hw/semihosting/arm-compat-semi.c
rename to semihosting/arm-compat-semi.c
diff --git a/hw/semihosting/common-semi.h b/semihosting/common-semi.h
similarity index 100%
rename from hw/semihosting/common-semi.h
rename to semihosting/common-semi.h
diff --git a/hw/semihosting/config.c b/semihosting/config.c
similarity index 100%
rename from hw/semihosting/config.c
rename to semihosting/config.c
diff --git a/hw/semihosting/console.c b/semihosting/console.c
similarity index 100%
rename from hw/semihosting/console.c
rename to semihosting/console.c
diff --git a/hw/semihosting/meson.build b/semihosting/meson.build
similarity index 100%
rename from hw/semihosting/meson.build
rename to semihosting/meson.build