default or selected kernelversion does not have config value CONFIG_MTD_ARCTIC.
Result is shown for kernelversion 5.15.113

CFI Flash device mapped on IBM 405LP Arctic

modulename: arctic-mtd.ko

configname: CONFIG_MTD_ARCTIC

Linux Kernel Configuration
└─>Device Drivers
└─>Memory Technology Devices (MTD)
└─>Mapping drivers for chip access
└─>CFI Flash device mapped on IBM 405LP Arctic
In linux kernel since version 2.6.20 (release Date: 2007-02-04)  
This enables access routines for the flash chips on the IBM 405LP
Arctic board. If you have one of these boards and would like to
use the flash chips on it, say 'Y'.

source code:
depends
CONFIG_ARCTIC2
CONFIG_MTD
CONFIG_MTD_CFI