Reland https://codereview.chromium.org/292153006 with minor changes.

build/common.gypi

 # Copyright (c) 2012 The Chromium Authors. All rights reserved.
 # Use of this source code is governed by a BSD-style license that can be
 # found in the LICENSE file.
 
 # IMPORTANT:
 # Please don't directly include this file if you are building via gyp_chromium,
 # since gyp_chromium is automatically forcing its inclusion.
 {
   # Variables expected to be overriden on the GYP command line (-D) or by
   # ~/.gyp/include.gypi.
@@ skipping 2143 matching lines @@
       ['asan==1 and OS=="linux" and chromeos==0', {
         'use_custom_libcxx%': 1,
       }],
       ['ubsan==1', {
         'clang%': 1,
       }],
       ['ubsan_vptr==1', {
         'clang%': 1,
       }],
       ['asan==1 and OS=="mac"', {
-        # TODO(glider): we do not strip ASan binaries until the dynamic ASan
-        # runtime is fully adopted. See http://crbug.com/242503.
-        'mac_strip_release': 0,
+        'mac_strip_release': 1,
       }],
       ['tsan==1', {
         'use_custom_libcxx%': 1,
       }],
       ['msan==1', {
         # Use a just-built, MSan-instrumented libc++ instead of the system-wide
         # libstdc++. This is required to avoid false positive reports whenever
         # the C++ standard library is used.
         'use_custom_libcxx%': 1,
         # Running the V8-generated code on an ARM simulator is a powerful hack
@@ skipping 2874 matching lines @@
                     }],
                   ],
                 },
                 'postbuild_name': 'Change Mach-O Flags',
                 'action': [
                   '<(change_mach_o_flags_path)',
                   '>@(change_mach_o_flags_options)',
                 ],
               },
             ],
-            'conditions': [
-              ['asan==1', {
-                'variables': {
-                 'asan_saves_file': 'asan.saves',
-                },
-                'xcode_settings': {
-                  'CHROMIUM_STRIP_SAVE_FILE': '<(asan_saves_file)',
-                },
-              }],
-            ],
             'target_conditions': [
               ['mac_pie==1 and release_valgrind_build==0', {
                 # Turn on position-independence (ASLR) for executables. When
                 # PIE is on for the Chrome executables, the framework will
                 # also be subject to ASLR.
                 # Don't do this when building for Valgrind, because Valgrind
                 # doesn't understand slide. TODO: Make Valgrind on Mac OS X
                 # understand slide, and get rid of the Valgrind check.
                 'xcode_settings': {
                   'OTHER_LDFLAGS': [
@@ skipping 19 matching lines @@
                       'STRIP_INSTALLED_PRODUCT': 'YES',
                       'target_conditions': [
                         ['_type=="shared_library" or _type=="loadable_module"', {
                           # The Xcode default is to strip debugging symbols
                           # only (-S).  Local symbols should be stripped as
                           # well, which will be handled by -x.  Xcode will
                           # continue to insert -S when stripping even when
                           # additional flags are added with STRIPFLAGS.
                           'STRIPFLAGS': '-x',
                         }],  # _type=="shared_library" or _type=="loadable_module"
-                        ['_type=="executable"', {
-                          'conditions': [
-                            ['asan==1', {
-                              'STRIPFLAGS': '-s $(CHROMIUM_STRIP_SAVE_FILE)',
-                            }]
-                          ],
-                        }],  # _type=="executable" and asan==1
                       ],  # target_conditions
                     },  # xcode_settings
                   },  # configuration "Release"
                 },  # configurations
               }, {  # mac_real_dsym != 1
                 # To get a fast fake .dSYM bundle, use a post-build step to
                 # produce the .dSYM and strip the executable.  strip_from_xcode
                 # only operates in the Release configuration.
                 'postbuilds': [
                   {
@@ skipping 715 matching lines @@
     # settings in target dicts.  SYMROOT is a special case, because many other
     # Xcode variables depend on it, including variables such as
     # PROJECT_DERIVED_FILE_DIR.  When a source group corresponding to something
     # like PROJECT_DERIVED_FILE_DIR is added to a project, in order for the
     # files to appear (when present) in the UI as actual files and not red
     # red "missing file" proxies, the correct path to PROJECT_DERIVED_FILE_DIR,
     # and therefore SYMROOT, needs to be set at the project level.
     'SYMROOT': '<(DEPTH)/xcodebuild',
   },
 }