diff --git a/lld/COFF/Driver.cpp b/lld/COFF/Driver.cpp
--- a/lld/COFF/Driver.cpp
+++ b/lld/COFF/Driver.cpp
@@ -43,7 +43,6 @@
 #include "llvm/Support/Path.h"
 #include "llvm/Support/Process.h"
 #include "llvm/Support/TarWriter.h"
-#include "llvm/Support/TargetSelect.h"
 #include "llvm/Support/raw_ostream.h"
 #include "llvm/ToolDrivers/llvm-lib/LibDriver.h"
 #include <algorithm>
@@ -1238,13 +1237,6 @@
 void LinkerDriver::linkerMain(ArrayRef<const char *> argsArr) {
   ScopedTimer rootTimer(ctx.rootTimer);
 
-  // Needed for LTO.
-  InitializeAllTargetInfos();
-  InitializeAllTargets();
-  InitializeAllTargetMCs();
-  InitializeAllAsmParsers();
-  InitializeAllAsmPrinters();
-
   // If the first command line argument is "/lib", link.exe acts like lib.exe.
   // We call our own implementation of lib.exe that understands bitcode files.
   if (argsArr.size() > 1 &&
diff --git a/lld/ELF/Driver.cpp b/lld/ELF/Driver.cpp
--- a/lld/ELF/Driver.cpp
+++ b/lld/ELF/Driver.cpp
@@ -57,7 +57,6 @@
 #include "llvm/Support/Parallel.h"
 #include "llvm/Support/Path.h"
 #include "llvm/Support/TarWriter.h"
-#include "llvm/Support/TargetSelect.h"
 #include "llvm/Support/TimeProfiler.h"
 #include "llvm/Support/raw_ostream.h"
 #include <cstdlib>
@@ -280,17 +279,6 @@
     error("unable to find library -l" + name, ErrorTag::LibNotFound, {name});
 }
 
-// This function is called on startup. We need this for LTO since
-// LTO calls LLVM functions to compile bitcode files to native code.
-// Technically this can be delayed until we read bitcode files, but
-// we don't bother to do lazily because the initialization is fast.
-static void initLLVM() {
-  InitializeAllTargets();
-  InitializeAllTargetMCs();
-  InitializeAllAsmPrinters();
-  InitializeAllAsmParsers();
-}
-
 // Some command line options or some combinations of them are not allowed.
 // This function checks for such errors.
 static void checkOptions() {
@@ -530,7 +518,6 @@
   {
     llvm::TimeTraceScope timeScope("ExecuteLinker");
 
-    initLLVM();
     createFiles(args);
     if (errorCount())
       return;
diff --git a/lld/MachO/Driver.cpp b/lld/MachO/Driver.cpp
--- a/lld/MachO/Driver.cpp
+++ b/lld/MachO/Driver.cpp
@@ -46,7 +46,6 @@
 #include "llvm/Support/Parallel.h"
 #include "llvm/Support/Path.h"
 #include "llvm/Support/TarWriter.h"
-#include "llvm/Support/TargetSelect.h"
 #include "llvm/Support/TimeProfiler.h"
 #include "llvm/TextAPI/PackedVersion.h"
 
@@ -480,17 +479,6 @@
   return false;
 }
 
-// This function is called on startup. We need this for LTO since
-// LTO calls LLVM functions to compile bitcode files to native code.
-// Technically this can be delayed until we read bitcode files, but
-// we don't bother to do lazily because the initialization is fast.
-static void initLLVM() {
-  InitializeAllTargets();
-  InitializeAllTargetMCs();
-  InitializeAllAsmPrinters();
-  InitializeAllAsmParsers();
-}
-
 static void compileBitcodeFiles() {
   // FIXME: Remove this once LTO.cpp honors config->exportDynamic.
   if (config->exportDynamic)
@@ -1390,7 +1378,6 @@
   {
     TimeTraceScope timeScope("ExecuteLinker");
 
-    initLLVM(); // must be run before any call to addFile()
     createFiles(args);
 
     config->isPic = config->outputType == MH_DYLIB ||
diff --git a/lld/tools/lld/lld.cpp b/lld/tools/lld/lld.cpp
--- a/lld/tools/lld/lld.cpp
+++ b/lld/tools/lld/lld.cpp
@@ -40,6 +40,7 @@
 #include "llvm/Support/Path.h"
 #include "llvm/Support/PluginLoader.h"
 #include "llvm/Support/Process.h"
+#include "llvm/Support/TargetSelect.h"
 #include <cstdlib>
 
 using namespace lld;
@@ -138,6 +139,17 @@
 
 bool inTestOutputDisabled = false;
 
+// This function is called on startup. We need this for LTO since
+// LTO calls LLVM functions to compile bitcode files to native code.
+// Technically this can be delayed until we read bitcode files, but
+// we don't bother to do lazily because the initialization is fast.
+static void initializeLLVM() {
+  InitializeAllTargets();
+  InitializeAllTargetMCs();
+  InitializeAllAsmPrinters();
+  InitializeAllAsmParsers();
+}
+
 /// Universal linker main(). This linker emulates the gnu, darwin, or
 /// windows linker based on the argv[0] or -flavor option.
 static int lldMain(int argc, const char **argv, llvm::raw_ostream &stdoutOS,
@@ -160,6 +172,9 @@
           "Invoke ld.lld (Unix), ld64.lld (macOS), lld-link (Windows), wasm-ld"
           " (WebAssembly) instead");
   };
+
+  initializeLLVM();
+
   // Run the driver. If an error occurs, false will be returned.
   bool r = link()(args, stdoutOS, stderrOS, exitEarly, inTestOutputDisabled);
 
diff --git a/lld/wasm/Driver.cpp b/lld/wasm/Driver.cpp
--- a/lld/wasm/Driver.cpp
+++ b/lld/wasm/Driver.cpp
@@ -31,7 +31,6 @@
 #include "llvm/Support/Path.h"
 #include "llvm/Support/Process.h"
 #include "llvm/Support/TarWriter.h"
-#include "llvm/Support/TargetSelect.h"
 
 #define DEBUG_TYPE "lld"
 
@@ -54,17 +53,6 @@
 #undef OPTION
 };
 
-// This function is called on startup. We need this for LTO since
-// LTO calls LLVM functions to compile bitcode files to native code.
-// Technically this can be delayed until we read bitcode files, but
-// we don't bother to do lazily because the initialization is fast.
-static void initLLVM() {
-  InitializeAllTargets();
-  InitializeAllTargetMCs();
-  InitializeAllAsmPrinters();
-  InitializeAllAsmParsers();
-}
-
 class LinkerDriver {
 public:
   void linkerMain(ArrayRef<const char *> argsArr);
@@ -94,7 +82,6 @@
   config = make<Configuration>();
   symtab = make<SymbolTable>();
 
-  initLLVM();
   LinkerDriver().linkerMain(args);
 
   return errorCount() == 0;