diff --git a/src/hotspot/share/opto/mulnode.cpp b/src/hotspot/share/opto/mulnode.cpp
index 9f2fb9a3d1a..2bd3630237e 100644
--- a/src/hotspot/share/opto/mulnode.cpp
+++ b/src/hotspot/share/opto/mulnode.cpp
@@ -262,7 +262,7 @@ Node *MulINode::Ideal(PhaseGVN *phase, bool can_reshape) {
 
   // Get low bit; check for being the only bit
   Node *res = NULL;
-  unsigned int bit1 = abs_con & (0-abs_con);       // Extract low bit
+  unsigned int bit1 = submultiple_power_of_2(abs_con);
   if (bit1 == abs_con) {           // Found a power of 2?
     res = new LShiftINode(in(1), phase->intcon(log2i_exact(bit1)));
   } else {
@@ -270,11 +270,20 @@ Node *MulINode::Ideal(PhaseGVN *phase, bool can_reshape) {
     unsigned int bit2 = abs_con - bit1;
     bit2 = bit2 & (0 - bit2);          // Extract 2nd bit
     if (bit2 + bit1 == abs_con) {    // Found all bits in con?
+      if (!phase->C->post_loop_opts_phase()) {
+        // Defer this because it breaks loop range check hoisting
+        phase->C->record_for_post_loop_opts_igvn(this);
+        return MulNode::Ideal(phase, can_reshape);
+      }
       Node *n1 = phase->transform(new LShiftINode(in(1), phase->intcon(log2i_exact(bit1))));
       Node *n2 = phase->transform(new LShiftINode(in(1), phase->intcon(log2i_exact(bit2))));
       res = new AddINode(n2, n1);
     } else if (is_power_of_2(abs_con + 1)) {
-      // Sleezy: power-of-2 - 1.  Next time be generic.
+      if (!phase->C->post_loop_opts_phase()) {
+        // Defer this because it breaks loop range check hoisting
+        phase->C->record_for_post_loop_opts_igvn(this);
+        return MulNode::Ideal(phase, can_reshape);
+      }
       unsigned int temp = abs_con + 1;
       Node *n1 = phase->transform(new LShiftINode(in(1), phase->intcon(log2i_exact(temp))));
       res = new SubINode(n1, in(1));
@@ -356,21 +365,28 @@ Node *MulLNode::Ideal(PhaseGVN *phase, bool can_reshape) {
 
   // Get low bit; check for being the only bit
   Node *res = NULL;
-  julong bit1 = abs_con & (0-abs_con);      // Extract low bit
+  julong bit1 = submultiple_power_of_2(abs_con);
   if (bit1 == abs_con) {           // Found a power of 2?
     res = new LShiftLNode(in(1), phase->intcon(log2i_exact(bit1)));
   } else {
-
     // Check for constant with 2 bits set
     julong bit2 = abs_con-bit1;
     bit2 = bit2 & (0-bit2);          // Extract 2nd bit
     if (bit2 + bit1 == abs_con) {    // Found all bits in con?
+      if (!phase->C->post_loop_opts_phase()) {
+        // Defer this because it breaks loop range check hoisting
+        phase->C->record_for_post_loop_opts_igvn(this);
+        return MulNode::Ideal(phase, can_reshape);
+      }
       Node *n1 = phase->transform(new LShiftLNode(in(1), phase->intcon(log2i_exact(bit1))));
       Node *n2 = phase->transform(new LShiftLNode(in(1), phase->intcon(log2i_exact(bit2))));
       res = new AddLNode(n2, n1);
-
     } else if (is_power_of_2(abs_con+1)) {
-      // Sleezy: power-of-2 -1.  Next time be generic.
+      if (!phase->C->post_loop_opts_phase()) {
+        // Defer this because it breaks loop range check hoisting
+        phase->C->record_for_post_loop_opts_igvn(this);
+        return MulNode::Ideal(phase, can_reshape);
+      }
       julong temp = abs_con + 1;
       Node *n1 = phase->transform( new LShiftLNode(in(1), phase->intcon(log2i_exact(temp))));
       res = new SubLNode(n1, in(1));
diff --git a/src/hotspot/share/utilities/powerOfTwo.hpp b/src/hotspot/share/utilities/powerOfTwo.hpp
index a98b81e8037..29766f4eec4 100644
--- a/src/hotspot/share/utilities/powerOfTwo.hpp
+++ b/src/hotspot/share/utilities/powerOfTwo.hpp
@@ -1,5 +1,5 @@
 /*
- * Copyright (c) 2019, 2020, Oracle and/or its affiliates. All rights reserved.
+ * Copyright (c) 2019, 2022, Oracle and/or its affiliates. All rights reserved.
  * DO NOT ALTER OR REMOVE COPYRIGHT NOTICES OR THIS FILE HEADER.
  *
  * This code is free software; you can redistribute it and/or modify it
@@ -119,4 +119,14 @@ inline T next_power_of_2(T value)  {
   return round_up_power_of_2(value + 1);
 }
 
+// Return the largest power of two that is a submultiple of the given value.
+// This is the same as the numeric value of the least-significant set bit.
+// For unsigned values, it replaces the old trick of (value & -value).
+// precondition: value > 0.
+template<typename T, ENABLE_IF(std::is_integral<T>::value)>
+inline T submultiple_power_of_2(T value) {
+  assert(value > 0, "Invalid value");
+  return value & -value;
+}
+
 #endif // SHARE_UTILITIES_POWEROFTWO_HPP
diff --git a/test/hotspot/jtreg/compiler/rangechecks/TestRangeCheckHoistingScaledIV.java b/test/hotspot/jtreg/compiler/rangechecks/TestRangeCheckHoistingScaledIV.java
new file mode 100644
index 00000000000..0d34ef00384
--- /dev/null
+++ b/test/hotspot/jtreg/compiler/rangechecks/TestRangeCheckHoistingScaledIV.java
@@ -0,0 +1,104 @@
+/*
+ * Copyright (c) 2022, Arm Limited. All rights reserved.
+ * DO NOT ALTER OR REMOVE COPYRIGHT NOTICES OR THIS FILE HEADER.
+ *
+ * This code is free software; you can redistribute it and/or modify it
+ * under the terms of the GNU General Public License version 2 only, as
+ * published by the Free Software Foundation.
+ *
+ * This code is distributed in the hope that it will be useful, but WITHOUT
+ * ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or
+ * FITNESS FOR A PARTICULAR PURPOSE.  See the GNU General Public License
+ * version 2 for more details (a copy is included in the LICENSE file that
+ * accompanied this code).
+ *
+ * You should have received a copy of the GNU General Public License version
+ * 2 along with this work; if not, write to the Free Software Foundation,
+ * Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA.
+ *
+ * Please contact Oracle, 500 Oracle Parkway, Redwood Shores, CA 94065 USA
+ * or visit www.oracle.com if you need additional information or have any
+ * questions.
+ */
+
+/*
+ * @test
+ * @bug 8289996
+ * @summary Test range check hoisting for some scaled iv at array index
+ * @library /test/lib /
+ * @requires vm.debug & vm.compiler2.enabled
+ * @modules jdk.incubator.vector
+ * @compile --enable-preview -source ${jdk.version} TestRangeCheckHoistingScaledIV.java
+ * @run main/othervm --enable-preview compiler.rangechecks.TestRangeCheckHoistingScaledIV
+ */
+
+package compiler.rangechecks;
+
+import java.lang.foreign.MemorySegment;
+import java.nio.ByteOrder;
+
+import jdk.incubator.vector.ByteVector;
+import jdk.incubator.vector.VectorSpecies;
+import jdk.test.lib.process.OutputAnalyzer;
+import jdk.test.lib.process.ProcessTools;
+
+public class TestRangeCheckHoistingScaledIV {
+
+    // Inner class for test loops
+    class Launcher {
+        private static final int SIZE = 16000;
+        private static final VectorSpecies<Byte> SPECIES = ByteVector.SPECIES_64;
+        private static final ByteOrder ORDER = ByteOrder.nativeOrder();
+
+        private static byte[] ta = new byte[SIZE];
+        private static byte[] tb = new byte[SIZE];
+
+        private static MemorySegment sa = MemorySegment.ofArray(ta);
+        private static MemorySegment sb = MemorySegment.ofArray(tb);
+
+        private static int count = 789;
+
+        // Normal array accesses with int range checks
+        public static void scaledIntIV() {
+            for (int i = 0; i < count; i += 2) {
+                tb[7 * i] = ta[3 * i];
+            }
+        }
+
+        // Memory segment accesses with long range checks
+        public static void scaledLongIV() {
+            for (long l = 0; l < count; l += 64) {
+                ByteVector v = ByteVector.fromMemorySegment(SPECIES, sa, l * 6, ORDER);
+                v.intoMemorySegment(sb, l * 15, ORDER);
+            }
+        }
+
+        public static void main(String[] args) {
+            for (int i = 0; i < 20000; i++) {
+                scaledIntIV();
+                scaledLongIV();
+            }
+        }
+    }
+
+    public static void main(String[] args) throws Exception {
+        ProcessBuilder pb = ProcessTools.createJavaProcessBuilder(
+                "--enable-preview", "--add-modules", "jdk.incubator.vector",
+                "-Xbatch", "-XX:+TraceLoopPredicate", Launcher.class.getName());
+        OutputAnalyzer analyzer = new OutputAnalyzer(pb.start());
+        analyzer.shouldHaveExitValue(0);
+        analyzer.outputTo(System.out);
+
+        // Check if int range checks are hoisted
+        analyzer.stdoutShouldContain("rc_predicate init * 3 <u range");
+        analyzer.stdoutShouldContain("rc_predicate (limit - 2) * 3 <u range");
+        analyzer.stdoutShouldContain("rc_predicate init * 7 <u range");
+        analyzer.stdoutShouldContain("rc_predicate (limit - 2) * 7 <u range");
+
+        // Check if long range checks are hoisted
+        analyzer.stdoutShouldContain("rc_predicate init * 6 <u range");
+        analyzer.stdoutShouldContain("rc_predicate (limit - 64) * 6 <u range");
+        analyzer.stdoutShouldContain("rc_predicate init * 15 <u range");
+        analyzer.stdoutShouldContain("rc_predicate (limit - 64) * 15 <u range");
+    }
+}
diff --git a/test/micro/org/openjdk/bench/vm/compiler/RangeCheckHoisting.java b/test/micro/org/openjdk/bench/vm/compiler/RangeCheckHoisting.java
new file mode 100644
index 00000000000..022bbdaaac3
--- /dev/null
+++ b/test/micro/org/openjdk/bench/vm/compiler/RangeCheckHoisting.java
@@ -0,0 +1,54 @@
+/*
+ * Copyright (c) 2022, Arm Limited. All rights reserved.
+ * DO NOT ALTER OR REMOVE COPYRIGHT NOTICES OR THIS FILE HEADER.
+ *
+ * This code is free software; you can redistribute it and/or modify it
+ * under the terms of the GNU General Public License version 2 only, as
+ * published by the Free Software Foundation.
+ *
+ * This code is distributed in the hope that it will be useful, but WITHOUT
+ * ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or
+ * FITNESS FOR A PARTICULAR PURPOSE.  See the GNU General Public License
+ * version 2 for more details (a copy is included in the LICENSE file that
+ * accompanied this code).
+ *
+ * You should have received a copy of the GNU General Public License version
+ * 2 along with this work; if not, write to the Free Software Foundation,
+ * Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA.
+ *
+ * Please contact Oracle, 500 Oracle Parkway, Redwood Shores, CA 94065 USA
+ * or visit www.oracle.com if you need additional information or have any
+ * questions.
+ */
+
+package org.openjdk.bench.vm.compiler;
+
+import org.openjdk.jmh.annotations.Benchmark;
+import org.openjdk.jmh.annotations.Param;
+import org.openjdk.jmh.annotations.Scope;
+import org.openjdk.jmh.annotations.State;
+
+@State(Scope.Benchmark)
+public class RangeCheckHoisting {
+
+    private static final int SIZE = 65536;
+
+    @Param("6789") private int count;
+
+    private static int[] a = new int[SIZE];
+    private static int[] b = new int[SIZE];
+
+    @Benchmark
+    public void ivScaled3() {
+        for (int i = 0; i < count; i++) {
+            b[3 * i] = a[3 * i];
+        }
+    }
+
+    @Benchmark
+    public void ivScaled7() {
+        for (int i = 0; i < count; i++) {
+            b[7 * i] = a[7 * i];
+        }
+    }
+}