diff --git a/package/intel-microcode/intel-microcode.hash b/package/intel-microcode/intel-microcode.hash
index 742332d552..742be5ae79 100644
--- a/package/intel-microcode/intel-microcode.hash
+++ b/package/intel-microcode/intel-microcode.hash
@@ -1,3 +1,3 @@
 # Locally computed
-sha256  cee26f311f7e2c039dd48cd30f995183bde9b98fb4c3039800e2ddaf5c090e55  intel-microcode-20231114.tar.gz
+sha256  c29eb35fdbd39e3ed8587e6f0b1275cc03265f230c2fcaf88e2a1556451e773f  intel-microcode-20240531.tar.gz
 sha256  03efb1491c7e899feb2665fa299363e64035e5444c1b8bc1f6ebed30de964e12  license
diff --git a/package/intel-microcode/intel-microcode.mk b/package/intel-microcode/intel-microcode.mk
index a159baa93d..6862565bc8 100644
--- a/package/intel-microcode/intel-microcode.mk
+++ b/package/intel-microcode/intel-microcode.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-INTEL_MICROCODE_VERSION = 20231114
+INTEL_MICROCODE_VERSION = 20240531
 INTEL_MICROCODE_SITE = $(call github,intel,Intel-Linux-Processor-Microcode-Data-Files,microcode-$(INTEL_MICROCODE_VERSION))
 INTEL_MICROCODE_LICENSE = PROPRIETARY
 INTEL_MICROCODE_LICENSE_FILES = license