Radeon 530 (TOPAZ) SMU firmware load failed with kernel 6.7-rc1 and newer.

I have problems with my GPU after updating to kernel 6.7 for testing bcachefs. Tried all 6.7-rc kernels and linux-next. Tried some builds before 6.7-rc1 release but after 6.6 release, no luck.

Hardware description:

• CPU: Intel(R) Core(TM) i5-8250U CPU @ 1.60GHz
• GPU: 00:02.0 VGA compatible controller [0300]: Intel Corporation UHD Graphics 620 [8086:5917] (rev 07) 01:00.0 Display controller [0380]: Advanced Micro Devices, Inc. [AMD/ATI] Topaz XT [Radeon R7 M260/M265 / M340/M360 / M440/M445 / 530/535 / 620/625 Mobile] [1002:6900] (rev c1)
• System Memory: 16 G
• Display(s): laptop internal 1960_1080, vs external HDMI 1960_1080.

System information:

• Distro name and Version: Manjaro Unstable (very close to latest Arch linux)
• Kernel version: now 6.7.0-rc5-1-mainline SMP PREEMPT_DYNAMIC Mon, 11 Dec 2023 03:54:41 +0000 x86_64 GNU/Linux
• Custom kernel: N/A

How to reproduce the issue:

Boot with kernel 6.7-rc1 or newer

boot.log

boot log (dmesg) attached