diff --git a/package/firmware/intel-microcode/Makefile b/package/firmware/intel-microcode/Makefile
index 91a697c673a..bdd8ae73d88 100644
--- a/package/firmware/intel-microcode/Makefile
+++ b/package/firmware/intel-microcode/Makefile
@@ -8,12 +8,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=intel-microcode
-PKG_VERSION:=20240312
+PKG_VERSION:=20240531
 PKG_RELEASE:=1
 
 PKG_SOURCE:=intel-microcode_3.$(PKG_VERSION).1.tar.xz
 PKG_SOURCE_URL:=@DEBIAN/pool/non-free-firmware/i/intel-microcode/
-PKG_HASH:=25f53bab1bf0c84aba927a77a97a9f1147c94199fa95b5187d874f839f022808
+PKG_HASH:=808cbb57a790dab7060b59b31e70e54ac47d3798d75e9784ed57a65b9f951fc4
 PKG_BUILD_DIR:=$(BUILD_DIR)/intel-microcode-3.$(PKG_VERSION).1
 PKG_CPE_ID:=cpe:/a:intel:microcode