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

build/common.gypi

Index: build/common.gypi
diff --git a/build/common.gypi b/build/common.gypi
index 21cee7ff09d40c67f2dfd62f6465585792758386..ff4ef75a6b4a0ceee68315976b2622a73a9f79d8 100644
--- a/build/common.gypi
+++ b/build/common.gypi
@@ -2161,7 +2161,7 @@
       ['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,
@@ -5082,10 +5082,10 @@
             'conditions': [
               ['asan==1', {
                 'variables': {
-                 'asan_saves_file': 'asan.saves',
+                 'asan_saves_file_path': 'asan.saves',
                 },
                 'xcode_settings': {
-                  'CHROMIUM_STRIP_SAVE_FILE': '<(asan_saves_file)',
+                  'CHROMIUM_STRIP_SAVE_FILE': '<(asan_saves_file_path)',
                 },
               }],
             ],
@@ -5119,23 +5119,29 @@
                       'DEBUG_INFORMATION_FORMAT': 'dwarf-with-dsym',
                       'DEPLOYMENT_POSTPROCESSING': 'YES',
                       '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
+                      'conditions': [
+                        ['asan==0', {
+                          '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
+                        }, {
+                          'STRIPFLAGS': '-S',
+                        }],
+                      ],
                     },  # xcode_settings
                   },  # configuration "Release"
                 },  # configurations