diff --git a/library/stdarch/crates/core_arch/src/wasm32/mod.rs b/library/stdarch/crates/core_arch/src/wasm32/mod.rs
index 01bf0a71658b8..57c9157bede89 100644
--- a/library/stdarch/crates/core_arch/src/wasm32/mod.rs
+++ b/library/stdarch/crates/core_arch/src/wasm32/mod.rs
@@ -173,35 +173,3 @@ pub fn f64_nearest(a: f64) -> f64 {
 pub fn f64_sqrt(a: f64) -> f64 {
     crate::intrinsics::sqrtf64(a)
 }
-
-unsafe extern "C-unwind" {
-    #[link_name = "llvm.wasm.throw"]
-    fn wasm_throw(tag: i32, ptr: *mut u8) -> !;
-}
-
-/// Generates the [`throw`] instruction from the [exception-handling proposal] for WASM.
-///
-/// This function is unlikely to be stabilized until codegen backends have better support.
-///
-/// [`throw`]: https://webassembly.github.io/exception-handling/core/syntax/instructions.html#syntax-instr-control
-/// [exception-handling proposal]: https://github.com/WebAssembly/exception-handling
-// FIXME: wasmtime does not currently support exception-handling, so cannot execute
-//        a wasm module with the throw instruction in it. once it does, we can
-//        reenable this attribute.
-// #[cfg_attr(test, assert_instr(throw, TAG = 0, ptr = core::ptr::null_mut()))]
-#[inline]
-#[unstable(feature = "wasm_exception_handling_intrinsics", issue = "122465")]
-// FIXME: Since this instruction unwinds, `core` built with `-C panic=unwind`
-//        cannot be linked with `-C panic=abort` programs. But that's not
-//        entirely supported anyway, because runtimes without EH support won't
-//        be able to handle `try` blocks in `-C panic=unwind` crates either.
-//        We ship `-C panic=abort` `core`, so this doesn't affect users
-//        directly. Resolving this will likely require patching out both `try`
-//        and `throw` instructions, at which point we can look into whitelisting
-//        this function in the compiler to allow linking.
-//        See https://github.com/rust-lang/rust/issues/118168.
-#[allow(ffi_unwind_calls)]
-pub unsafe fn throw<const TAG: i32>(ptr: *mut u8) -> ! {
-    static_assert!(TAG == 0); // LLVM only supports tag 0 == C++ right now.
-    wasm_throw(TAG, ptr)
-}
diff --git a/library/unwind/src/lib.rs b/library/unwind/src/lib.rs
index cd3a2f33ffa56..e3a0a77f53f08 100644
--- a/library/unwind/src/lib.rs
+++ b/library/unwind/src/lib.rs
@@ -7,7 +7,7 @@
 #![cfg_attr(not(target_env = "msvc"), feature(libc))]
 #![cfg_attr(
     all(target_family = "wasm", any(not(target_os = "emscripten"), emscripten_wasm_eh)),
-    feature(simd_wasm64, wasm_exception_handling_intrinsics)
+    feature(link_llvm_intrinsics, simd_wasm64)
 )]
 #![allow(internal_features)]
 #![deny(unsafe_op_in_unsafe_fn)]
diff --git a/library/unwind/src/wasm.rs b/library/unwind/src/wasm.rs
index 3341e54759a0d..2bff306af293f 100644
--- a/library/unwind/src/wasm.rs
+++ b/library/unwind/src/wasm.rs
@@ -40,22 +40,40 @@ pub unsafe fn _Unwind_DeleteException(exception: *mut _Unwind_Exception) {
 }
 
 pub unsafe fn _Unwind_RaiseException(exception: *mut _Unwind_Exception) -> _Unwind_Reason_Code {
-    // The wasm `throw` instruction takes a "tag", which differentiates certain
-    // types of exceptions from others. LLVM currently just identifies these
-    // via integers, with 0 corresponding to C++ exceptions and 1 to C setjmp()/longjmp().
-    // Ideally, we'd be able to choose something unique for Rust, but for now,
-    // we pretend to be C++ and implement the Itanium exception-handling ABI.
+    // This implementation is only used for `wasm*-unknown-unknown` targets. Such targets are not
+    // guaranteed to support exceptions, and they default to `-C panic=abort`. Because an unknown
+    // instruction is a load-time error on wasm, instead of a runtime error like on traditional
+    // architectures, we never want to codegen a `throw` instruction unless the user explicitly
+    // enabled exceptions via `-Z build-std` with `-C panic=unwind`.
     cfg_select! {
-        // panic=abort is default for wasm targets. Because an unknown instruction is a load-time
-        // error on wasm, instead of a runtime error like on traditional architectures, we never
-        // want to codegen a `throw` instruction, as that would break users using runtimes that
-        // don't yet support exceptions. The only time this first branch would be selected is if
-        // the user explicitly opts in to wasm exceptions, via -Zbuild-std with -Cpanic=unwind.
         panic = "unwind" => {
+            // It's important that this intrinsic is defined here rather than in `core`. Since it
+            // unwinds, invoking it from Rust code compiled with `-C panic=unwind` immediately
+            // forces `panic_unwind` as the required panic runtime.
+            //
+            // We ship unwinding `core` on Emscripten, so making this intrinsic part of `core` would
+            // prevent linking precompiled `core` into `-C panic=abort` binaries. Unlike `core`,
+            // this particular module is never precompiled with `-C panic=unwind` because it's only
+            // used for bare-metal targets, so an error can only arise if the user both manually
+            // recompiles `std` with `-C panic=unwind` and manually compiles the binary crate with
+            // `-C panic=abort`, which we don't care to support.
+            //
+            // See https://github.com/rust-lang/rust/issues/148246.
+            unsafe extern "C-unwind" {
+                /// LLVM lowers this intrinsic to the `throw` instruction.
+                #[link_name = "llvm.wasm.throw"]
+                fn wasm_throw(tag: i32, ptr: *mut u8) -> !;
+            }
+
+            // The wasm `throw` instruction takes a "tag", which differentiates certain types of
+            // exceptions from others. LLVM currently just identifies these via integers, with 0
+            // corresponding to C++ exceptions and 1 to C setjmp()/longjmp(). Ideally, we'd be able
+            // to choose something unique for Rust, but for now, we pretend to be C++ and implement
+            // the Itanium exception-handling ABI.
             // corresponds with llvm::WebAssembly::Tag::CPP_EXCEPTION
             //     in llvm-project/llvm/include/llvm/CodeGen/WasmEHFuncInfo.h
             const CPP_EXCEPTION_TAG: i32 = 0;
-            core::arch::wasm::throw::<CPP_EXCEPTION_TAG>(exception.cast())
+            wasm_throw(CPP_EXCEPTION_TAG, exception.cast())
         }
         _ => {
             let _ = exception;
diff --git a/tests/codegen-llvm/wasm_exceptions.rs b/tests/codegen-llvm/wasm_exceptions.rs
index e718f599a3c2f..7f38b669a6f8e 100644
--- a/tests/codegen-llvm/wasm_exceptions.rs
+++ b/tests/codegen-llvm/wasm_exceptions.rs
@@ -3,7 +3,7 @@
 //@ [WASMEXN] compile-flags: -C panic=unwind -Z emscripten-wasm-eh
 
 #![crate_type = "lib"]
-#![feature(core_intrinsics, wasm_exception_handling_intrinsics, link_llvm_intrinsics)]
+#![feature(core_intrinsics, link_llvm_intrinsics)]
 
 extern "C-unwind" {
     fn may_panic();
diff --git a/tests/ui/wasm/wasm-link-to-panic-abort-issue-148246.rs b/tests/ui/wasm/wasm-link-to-panic-abort-issue-148246.rs
new file mode 100644
index 0000000000000..860fb18a726f6
--- /dev/null
+++ b/tests/ui/wasm/wasm-link-to-panic-abort-issue-148246.rs
@@ -0,0 +1,7 @@
+//@ only-wasm32
+//@ compile-flags: -C panic=abort
+//@ build-pass
+
+// Test that a `-C panic=abort` binary crate can link to a `-C panic=unwind` core.
+
+fn main() {}