diff --git a/gcc/config/aarch64/aarch64-cost-tables.h b/gcc/config/aarch64/aarch64-cost-tables.h
index c309f88cbd56f0d2347996d860c982a3a6744492..dd2e7e7cbb13d24f0b51092270cd7e2d75fabf29 100644
--- a/gcc/config/aarch64/aarch64-cost-tables.h
+++ b/gcc/config/aarch64/aarch64-cost-tables.h
@@ -123,7 +123,8 @@ const struct cpu_cost_table qdf24xx_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)  /* alu.  */
+    COSTS_N_INSNS (1),  /* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -227,7 +228,8 @@ const struct cpu_cost_table thunderx_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* Alu.  */
+    COSTS_N_INSNS (1),	/* Alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -330,7 +332,8 @@ const struct cpu_cost_table thunderx2t99_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* Alu.  */
+    COSTS_N_INSNS (1),	/* Alu.  */
+    COSTS_N_INSNS (4)	/* Mult.  */
   }
 };
 
@@ -433,7 +436,8 @@ const struct cpu_cost_table thunderx3t110_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* Alu.  */
+    COSTS_N_INSNS (1),	/* Alu.  */
+    COSTS_N_INSNS (4)	/* Mult.  */
   }
 };
 
@@ -537,7 +541,8 @@ const struct cpu_cost_table tsv110_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)  /* alu.  */
+    COSTS_N_INSNS (1),  /* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -640,7 +645,8 @@ const struct cpu_cost_table a64fx_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)  /* alu.  */
+    COSTS_N_INSNS (1),  /* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
diff --git a/gcc/config/aarch64/aarch64.c b/gcc/config/aarch64/aarch64.c
index b6192e55521004ae70cd13acbdb4dab142216845..146ed8c1b693d7204a754bc4e6d17025e0af544b 100644
--- a/gcc/config/aarch64/aarch64.c
+++ b/gcc/config/aarch64/aarch64.c
@@ -11568,7 +11568,6 @@ aarch64_rtx_mult_cost (rtx x, enum rtx_code code, int outer, bool speed)
   if (VECTOR_MODE_P (mode))
     {
       unsigned int vec_flags = aarch64_classify_vector_mode (mode);
-      mode = GET_MODE_INNER (mode);
       if (vec_flags & VEC_ADVSIMD)
 	{
 	  /* The by-element versions of the instruction have the same costs as
@@ -11582,6 +11581,17 @@ aarch64_rtx_mult_cost (rtx x, enum rtx_code code, int outer, bool speed)
 	  else if (GET_CODE (op1) == VEC_DUPLICATE)
 	    op1 = XEXP (op1, 0);
 	}
+      cost += rtx_cost (op0, mode, MULT, 0, speed);
+      cost += rtx_cost (op1, mode, MULT, 1, speed);
+      if (speed)
+	{
+	  if (GET_CODE (x) == MULT)
+	    cost += extra_cost->vect.mult;
+	  /* This is to catch the SSRA costing currently flowing here.  */
+	  else
+	    cost += extra_cost->vect.alu;
+	}
+      return cost;
     }
 
   /* Integer multiply/fma.  */
diff --git a/gcc/config/arm/aarch-common-protos.h b/gcc/config/arm/aarch-common-protos.h
index 251de3d61a833a2bb4b77e9211cac7fbc17c0b75..7a9cf3d324c103de74af741abe9ef30b76fea5ce 100644
--- a/gcc/config/arm/aarch-common-protos.h
+++ b/gcc/config/arm/aarch-common-protos.h
@@ -132,6 +132,7 @@ struct fp_cost_table
 struct vector_cost_table
 {
   const int alu;
+  const int mult;
 };
 
 struct cpu_cost_table
diff --git a/gcc/config/arm/aarch-cost-tables.h b/gcc/config/arm/aarch-cost-tables.h
index d4baee4f83ad7bcdb1835a471e4eafedbf63ee2d..25ff702f01fab50d749b9a7b7b072c2be2504562 100644
--- a/gcc/config/arm/aarch-cost-tables.h
+++ b/gcc/config/arm/aarch-cost-tables.h
@@ -121,7 +121,8 @@ const struct cpu_cost_table generic_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -224,7 +225,8 @@ const struct cpu_cost_table cortexa53_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -327,7 +329,8 @@ const struct cpu_cost_table cortexa57_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)  /* alu.  */
+    COSTS_N_INSNS (1),  /* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -430,7 +433,8 @@ const struct cpu_cost_table cortexa76_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)  /* alu.  */
+    COSTS_N_INSNS (1),  /* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -533,7 +537,8 @@ const struct cpu_cost_table exynosm1_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (0)  /* alu.  */
+    COSTS_N_INSNS (0),  /* alu.  */
+    COSTS_N_INSNS (4)   /* mult.  */
   }
 };
 
@@ -636,7 +641,8 @@ const struct cpu_cost_table xgene1_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (2)  /* alu.  */
+    COSTS_N_INSNS (2),  /* alu.  */
+    COSTS_N_INSNS (8)   /* mult.  */
   }
 };
 
diff --git a/gcc/config/arm/arm.c b/gcc/config/arm/arm.c
index bebccc13456a8eda21fe5ca8f7bc1783fa36d29a..829671a74ebc41e6e69f31ae2a2e4dfe126e75d5 100644
--- a/gcc/config/arm/arm.c
+++ b/gcc/config/arm/arm.c
@@ -1192,7 +1192,8 @@ const struct cpu_cost_table cortexa9_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -1295,7 +1296,8 @@ const struct cpu_cost_table cortexa8_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -1399,7 +1401,8 @@ const struct cpu_cost_table cortexa5_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -1504,7 +1507,8 @@ const struct cpu_cost_table cortexa7_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -1607,7 +1611,8 @@ const struct cpu_cost_table cortexa12_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -1710,7 +1715,8 @@ const struct cpu_cost_table cortexa15_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
@@ -1813,7 +1819,8 @@ const struct cpu_cost_table v7m_extra_costs =
   },
   /* Vector */
   {
-    COSTS_N_INSNS (1)	/* alu.  */
+    COSTS_N_INSNS (1),	/* alu.  */
+    COSTS_N_INSNS (4)	/* mult.  */
   }
 };
 
diff --git a/gcc/testsuite/gcc.target/aarch64/asimd-mul-to-shl-sub.c b/gcc/testsuite/gcc.target/aarch64/asimd-mul-to-shl-sub.c
new file mode 100644
index 0000000000000000000000000000000000000000..d7c5e5f341b2c56e9c2853859b786e1fe524eb59
--- /dev/null
+++ b/gcc/testsuite/gcc.target/aarch64/asimd-mul-to-shl-sub.c
@@ -0,0 +1,17 @@
+/* { dg-do compile } */
+/* { dg-require-effective-target vect_int } */
+/* { dg-options "-Ofast" } */
+
+/*
+**foo:
+**	shl	v1.4s, v0.4s, 16
+**	sub	v0.4s, v1.4s, v0.4s
+**	ret
+*/
+#include <arm_neon.h>
+uint32x4_t foo (uint32x4_t a)
+{
+  return a * 65535;
+}
+
+/* { dg-final { check-function-bodies "**" "" "" } } */
