diff --git a/openmp/runtime/CMakeLists.txt b/openmp/runtime/CMakeLists.txt
--- a/openmp/runtime/CMakeLists.txt
+++ b/openmp/runtime/CMakeLists.txt
@@ -65,6 +65,10 @@
     libomp_get_architecture(LIBOMP_ARCH)
   endif ()
   set(LIBOMP_ENABLE_ASSERTIONS ${LLVM_ENABLE_ASSERTIONS})
+  # Time profiling support
+  if(OPENMP_ENABLE_LIBOMPTARGET_PROFILING)
+    set(LIBOMPTARGET_PROFILING_SUPPORT TRUE)
+  endif()
 endif()
 
 # FUJITSU A64FX is a special processor because its cache line size is 256.
diff --git a/openmp/runtime/src/CMakeLists.txt b/openmp/runtime/src/CMakeLists.txt
--- a/openmp/runtime/src/CMakeLists.txt
+++ b/openmp/runtime/src/CMakeLists.txt
@@ -133,7 +133,20 @@
 # Add the OpenMP library
 libomp_get_ldflags(LIBOMP_CONFIGURED_LDFLAGS)
 
-add_library(omp ${LIBOMP_LIBRARY_KIND} ${LIBOMP_SOURCE_FILES})
+libomp_get_libflags(LIBOMP_CONFIGURED_LIBFLAGS)
+# Build libomp library. Add LLVMSupport dependency if building in-tree with libomptarget profiling enabled.
+if(OPENMP_STANDALONE_BUILD OR (NOT OPENMP_ENABLE_LIBOMPTARGET_PROFILING))
+  set(LIBOMPTARGET_PROFILING_SUPPORT FALSE)
+  add_library(omp ${LIBOMP_LIBRARY_KIND} ${LIBOMP_SOURCE_FILES})
+  # Linking command will include libraries in LIBOMP_CONFIGURED_LIBFLAGS
+  target_link_libraries(omp ${LIBOMP_CONFIGURED_LIBFLAGS} ${CMAKE_DL_LIBS})
+else()
+  set(LIBOMPTARGET_PROFILING_SUPPORT TRUE)
+  add_llvm_library(omp ${LIBOMP_LIBRARY_KIND} ${LIBOMP_SOURCE_FILES} PARTIAL_SOURCES_INTENDED
+    LINK_LIBS ${LIBOMP_CONFIGURED_LIBFLAGS} ${CMAKE_DL_LIBS}
+    LINK_COMPONENTS Support
+    )
+endif()
 
 set_target_properties(omp PROPERTIES
   PREFIX "" SUFFIX "" OUTPUT_NAME "${LIBOMP_LIB_FILE}"
@@ -166,10 +179,6 @@
   )
 endif()
 
-# Linking command will include libraries in LIBOMP_CONFIGURED_LIBFLAGS
-libomp_get_libflags(LIBOMP_CONFIGURED_LIBFLAGS)
-target_link_libraries(omp ${LIBOMP_CONFIGURED_LIBFLAGS} ${CMAKE_DL_LIBS})
-
 # Create *.inc before compiling any sources
 # objects depend on : .inc files
 add_custom_target(libomp-needed-headers DEPENDS kmp_i18n_id.inc kmp_i18n_default.inc)
diff --git a/openmp/runtime/src/kmp_config.h.cmake b/openmp/runtime/src/kmp_config.h.cmake
--- a/openmp/runtime/src/kmp_config.h.cmake
+++ b/openmp/runtime/src/kmp_config.h.cmake
@@ -44,6 +44,8 @@
 #define OMPT_DEBUG LIBOMP_OMPT_DEBUG
 #cmakedefine01 LIBOMP_OMPT_SUPPORT
 #define OMPT_SUPPORT LIBOMP_OMPT_SUPPORT
+#cmakedefine01 LIBOMPTARGET_PROFILING_SUPPORT
+#define OMPTARGET_PROFILING_SUPPORT LIBOMPTARGET_PROFILING_SUPPORT
 #cmakedefine01 LIBOMP_OMPT_OPTIONAL
 #define OMPT_OPTIONAL LIBOMP_OMPT_OPTIONAL
 #cmakedefine01 LIBOMP_USE_ADAPTIVE_LOCKS
diff --git a/openmp/runtime/src/kmp_runtime.cpp b/openmp/runtime/src/kmp_runtime.cpp
--- a/openmp/runtime/src/kmp_runtime.cpp
+++ b/openmp/runtime/src/kmp_runtime.cpp
@@ -32,6 +32,11 @@
 #include "ompt-specific.h"
 #endif
 
+#if OMPTARGET_PROFILING_SUPPORT
+#include "llvm/Support/TimeProfiler.h"
+static char *ProfileTraceFile = nullptr;
+#endif
+
 /* these are temporary issues to be dealt with */
 #define KMP_USE_PRCTL 0
 
@@ -5701,6 +5706,13 @@
 /* ------------------------------------------------------------------------ */
 
 void *__kmp_launch_thread(kmp_info_t *this_thr) {
+#if OMPTARGET_PROFILING_SUPPORT
+  ProfileTraceFile = getenv("LIBOMPTARGET_PROFILE");
+  // TODO: add a configuration option for time granularity
+  if (ProfileTraceFile)
+    llvm::timeTraceProfilerInitialize(500 /* us */, "libomptarget");
+#endif
+
   int gtid = this_thr->th.th_info.ds.ds_gtid;
   /*    void                 *stack_data;*/
   kmp_team_t **volatile pteam;
@@ -5801,6 +5813,10 @@
 
   KA_TRACE(10, ("__kmp_launch_thread: T#%d done\n", gtid));
   KMP_MB();
+
+#if OMPTARGET_PROFILING_SUPPORT
+  llvm::timeTraceProfilerFinishThread();
+#endif
   return this_thr;
 }