React Native ios build folder outside of project root

When I run react-native run-ios --verbose I see that my app is created at

/Users/username/Library/Developer/Xcode/DerivedData/AppName-ztrewhgfdsjtizchezgdoiujklztre/Build/Products/Debug-iphonesimulator/AppName.app

instead of ios/build inside my project root.

I have been searching for ways to configure this inside react-native.config.js but could not find how to explictly stated in the docs.

This is my react-native.config.js:

module.exports = {
  project: {
    ios: {},
    android: {},
  },
  assets: ["./assets/fonts/"],
}