diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index 6dc1f26556..6115732940 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -1,6 +1,6 @@
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0010.2344
+MLNX_HW_MANAGEMENT_VERSION = 7.0010.2347
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch b/platform/mellanox/hw-management/0002-Make-hw-mgmt-SimX-compatiable.patch
similarity index 100%
rename from platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch
rename to platform/mellanox/hw-management/0002-Make-hw-mgmt-SimX-compatiable.patch
diff --git a/platform/mellanox/hw-management/0002-hw-mgmt-system-MSN4600-A1-BU-config1-fix.patch b/platform/mellanox/hw-management/0002-hw-mgmt-system-MSN4600-A1-BU-config1-fix.patch
deleted file mode 100644
index 391121cff4..0000000000
--- a/platform/mellanox/hw-management/0002-hw-mgmt-system-MSN4600-A1-BU-config1-fix.patch
+++ /dev/null
@@ -1,28 +0,0 @@
-From 1b2c2343d62b2fadb5c8fc9e61f2f654f4085193 Mon Sep 17 00:00:00 2001
-From: Mykola Kostenok <c_mykolak@nvidia.com>
-Date: Wed, 12 May 2021 10:59:57 +0300
-Subject: [PATCH] hw-mgmt: system: MSN4600 A1 BU config1 fix
-
-Fix config1 matching for MSN4600.
-
-Signed-off-by: Mykola Kostenok <c_mykolak@nvidia.com>
----
- usr/usr/bin/hw-management.sh |    2 +-
- 1 files changed, 1 insertions(+), 1 deletions(-)
-
-diff --git a/usr/usr/bin/hw-management.sh b/usr/usr/bin/hw-management.sh
-index d5b2728..150e583 100755
---- a/usr/usr/bin/hw-management.sh
-+++ b/usr/usr/bin/hw-management.sh
-@@ -728,7 +728,7 @@ msn46xx_specific()
- 	if [ $res -eq 0 ]; then
- 		sys_ver=$(cut "$regio_path"/config1 -d' ' -f 1)
- 		case $sys_ver in
--			3)
-+			1)
- 				connect_msn4700_msn4600_A1
- 			;;
- 			*)
--- 
-1.7.1
-
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index b661fa329e..3a8787997d 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit b661fa329e2dff4fd6c22da89d009169e1008d99
+Subproject commit 3a8787997d7b0269c144861bfc9e7263c028f6bc