CONFIG_ARCH_MX503 is not available for thedefaultarchitecture x86.
Result is shown for architecture arm

i.MX50 + i.MX53

configname: CONFIG_ARCH_MX503

Freescale CPU family:
└─>i.MX50 + i.MX53
In linux kernel since version 3 (release Date: 2011-07-21)  
This enables support for machines using Freescale's i.MX50 and i.MX51
processors.