diff --git a/mingw-w64-rust/PKGBUILD b/mingw-w64-rust/PKGBUILD
index 8ec6e7d28679e..93cdf7de1dd3d 100644
--- a/mingw-w64-rust/PKGBUILD
+++ b/mingw-w64-rust/PKGBUILD
@@ -19,8 +19,8 @@ pkgbase=mingw-w64-${_realname}
 pkgname=("${MINGW_PACKAGE_PREFIX}-${_realname}"
          $([[ ${CARCH} == i686 ]] || echo "${MINGW_PACKAGE_PREFIX}-rust-wasm")
          "${MINGW_PACKAGE_PREFIX}-rust-src")
-pkgver=1.80.0
-pkgrel=4
+pkgver=1.80.1
+pkgrel=1
 pkgdesc="Systems programming language focused on safety, speed and concurrency (mingw-w64)"
 arch=('any')
 mingw_arch=('mingw32' 'mingw64' 'ucrt64' 'clang64' 'clangarm64' 'clang32')
@@ -56,10 +56,10 @@ source=("${rust_dist_server}/${_realname}c-${pkgver}-src.tar.gz"{,.asc}
         "0011-disable-uac-for-installer.patch"
         "0012-vendor-embed-manifest.patch")
 noextract=(${_realname}c-${pkgver}-src.tar.gz)
-sha256sums=('6f606c193f230f6b2cae4576f7b24d50f5f9b25dff11dbf9b22f787d3521d672'
+sha256sums=('2c0b8f643942dcb810cbcc50f292564b1b6e44db5d5f45091153996df95d2dc4'
             'SKIP'
             '24ef6d949c0b5b1940c1d6a7aad78d86012152fb8845a1644bc939350d7b75e2'
-            '829d72862663cb2002f57aee3471b496137f9093e3330ed8f5db80f37663eaf7'
+            '6c8130d4b1fe89609d37952a36a626a23902c70073d6d0751f2488d88920dbf8'
             '7cb1773c288ffb1c1e751edc49b1890c84bf9c362742bc5225d19d474edb73a0'
             '56882f1a0f1404c10c7726d6cc37444f2b343e72b969badfcb43760f80db0f32'
             '7d1c4e49524b835a8eadc961b39f5594b12a522a1e24368999be2c7e85399e4e'
@@ -185,6 +185,7 @@ build() {
 
   export RUST_BACKTRACE=1
 
+  # substitute the values in config.toml
   local _prefix="$(cygpath -m ${MINGW_PREFIX})"
   cp -f "${srcdir}/config.toml" "${srcdir}/${_realname}c-${pkgver}-src"
   sed -i "s|%PREFIX%|${_prefix}|g" "${srcdir}/${_realname}c-${pkgver}-src/config.toml"
@@ -194,14 +195,14 @@ build() {
   if [ "${_bootstrapping}" = "no" ]; then
     sed -i "/^\[build\]/a rustc = \"${_prefix}/bin/rustc.exe\"\ncargo = \"${_prefix}/bin/cargo.exe\"" "${srcdir}/${_realname}c-${pkgver}-src/config.toml"
   fi
-  # generating debug info causes OOMing on i686
-  if [ "${CARCH}" != i686 ]; then
-    sed -i '/^\[rust\]/a debuginfo-level = 1\ndebuginfo-level-std = 2' "${srcdir}/${_realname}c-${pkgver}-src/config.toml"
+  # generate debuginfo only for non-i686 targets
+  if check_option "debug" "y" && [ "${CARCH}" != i686 ]; then
+    sed -i '/^\[rust\]/a debug = true\ndebuginfo-level-std = 2' "${srcdir}/${_realname}c-${pkgver}-src/config.toml"
   fi
 
   # Add target wasm32-*
   if [[ ${CARCH} != i686 ]]; then
-    sed -i '/target = \[/a\  "wasm32-wasip1", "wasm32-wasip1-threads", "wasm32-wasip2",' "${srcdir}/${_realname}c-${pkgver}-src/config.toml"
+    sed -i '/target = \[/a\  "wasm32-unknown-unknown", "wasm32-wasip1", "wasm32-wasip1-threads", "wasm32-wasip2",' "${srcdir}/${_realname}c-${pkgver}-src/config.toml"
   fi
 
   # Building out of tree is not officially supported so we have to workaround some things like vendored deps
@@ -218,6 +219,11 @@ build() {
   DEP_Z_ROOT=${MINGW_PREFIX} \
   DESTDIR="$PWD"/dest-rust ${MINGW_PREFIX}/bin/python ../${_realname}c-${pkgver}-src/x.py install "${_rust_build[@]}"
 
+  # remove self-contained directory for all targets
+  for _target in $OSTYPE wasm32-unknown-unknown wasm32-wasip1 wasm32-wasip1-threads wasm32-wasip2; do
+    rm -rf dest-rust/${MINGW_PREFIX}/lib/rustlib/${_target}/lib/self-contained
+  done
+
   if [[ ${CARCH} != i686 ]]; then
     # move wasm32-* targets out of the way for splitting
     mkdir -p dest-wasm/${MINGW_PREFIX}/lib/rustlib
@@ -226,8 +232,6 @@ build() {
 
   # move src out of the way for splitting
   mv dest-rust/${MINGW_PREFIX}/lib/rustlib/src dest-src
-
-  rm -f dest-rust/${MINGW_PREFIX}/lib/rustlib/$OSTYPE/lib/self-contained/*
 }
 
 check() {
@@ -249,8 +253,6 @@ package_rust() {
   cd "${srcdir}/${MSYSTEM}"
 
   cp -a dest-rust/* "$pkgdir"
-  install -Dm644 ${srcdir}/${_realname}c-${pkgver}-src/LICENSE-APACHE "${pkgdir}${MINGW_PREFIX}/share/licenses/${_realname}/LICENSE-APACHE"
-  install -Dm644 ${srcdir}/${_realname}c-${pkgver}-src/LICENSE-MIT "${pkgdir}${MINGW_PREFIX}/share/licenses/${_realname}/LICENSE-MIT"
 
   # delete unnecessary files, e.g. components and manifest files only used for the uninstall script
   cd "$pkgdir"/${MINGW_PREFIX}/lib/rustlib
@@ -265,7 +267,10 @@ package_rust-wasm() {
   pkgdesc="WebAssembly targets for Rust"
   depends=("${MINGW_PACKAGE_PREFIX}-lld"
            "${MINGW_PACKAGE_PREFIX}-rust"
-           "${MINGW_PACKAGE_PREFIX}-wasm-component-ld")
+           "${MINGW_PACKAGE_PREFIX}-wasm-component-ld"
+           "${MINGW_PACKAGE_PREFIX}-wasi-libc")
+  # stripping files fail
+  options=('!strip')
 
   cd "${srcdir}/${MSYSTEM}"
 
@@ -282,8 +287,8 @@ package_rust-src() {
   install -Dm644 "${srcdir}"/${_realname}c-${pkgver}-src/LICENSE-APACHE "${pkgdir}${MINGW_PREFIX}/share/licenses/$pkgname/LICENSE-APACHE"
   install -Dm644 "${srcdir}"/${_realname}c-${pkgver}-src/LICENSE-MIT "${pkgdir}${MINGW_PREFIX}/share/licenses/$pkgname/LICENSE-MIT"
 
-  install -d "${pkgdir}/${MINGW_PREFIX}/lib/rustlib/"
-  cp -a dest-src "${pkgdir}/${MINGW_PREFIX}/lib/rustlib/src"
+  install -d "${pkgdir}${MINGW_PREFIX}/lib/rustlib/"
+  cp -a dest-src "${pkgdir}${MINGW_PREFIX}/lib/rustlib/src"
 }
 
 # template start; name=mingw-w64-splitpkg-wrappers; version=1.0;
diff --git a/mingw-w64-rust/config.toml b/mingw-w64-rust/config.toml
index f74918f30a1ac..bdbb6acddb12a 100644
--- a/mingw-w64-rust/config.toml
+++ b/mingw-w64-rust/config.toml
@@ -42,9 +42,11 @@ codegen-units-std = 1
 channel = "stable"
 description = "Rev%PKGREL%, Built by MSYS2 project"
 rpath = false
+frame-pointers = true
 codegen-tests = false
 deny-warnings = false
 backtrace-on-ice = true
+control-flow-guard = true
 
 [dist]
 compression-formats = ["gz"]