diff --git a/package/tbtools/tbtools.hash b/package/tbtools/tbtools.hash
index ebd838ebe1..06705fc19d 100644
--- a/package/tbtools/tbtools.hash
+++ b/package/tbtools/tbtools.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  e5ddbcb3dcf6315a1fe6fe2d4846b5208e75f24e626d43a0ea68358e8b15dba7  tbtools-0.3.2-cargo2.tar.gz
+sha256  1276ded79276d42c06a16293e26de32566c023383416fb8c91f86d141acce691  tbtools-0.4.0-cargo2.tar.gz
 sha256  9b16a3add311d607af8d9b348a842a37840d0f47dfcc6cf2a7756ee02c24ed69  LICENSE
diff --git a/package/tbtools/tbtools.mk b/package/tbtools/tbtools.mk
index 36bfcd7f49..fc5ffc4215 100644
--- a/package/tbtools/tbtools.mk
+++ b/package/tbtools/tbtools.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-TBTOOLS_VERSION = 0.3.2
+TBTOOLS_VERSION = 0.4.0
 TBTOOLS_SITE = $(call github,intel,tbtools,v$(TBTOOLS_VERSION))
 TBTOOLS_LICENSE = MIT
 TBTOOLS_LICENSE_FILES = LICENSE