diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index 6115732940..5e9c2e3c22 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -1,6 +1,6 @@
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0010.2347
+MLNX_HW_MANAGEMENT_VERSION = 7.0010.2349
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index 3a8787997d..67c3b6bd86 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit 3a8787997d7b0269c144861bfc9e7263c028f6bc
+Subproject commit 67c3b6bd8617f4e0a282dab704a5f741088a3dd6