diff --git a/platform/mellanox/rshim.mk b/platform/mellanox/rshim.mk
index 13ec5951cfb..f621624b6fd 100644
--- a/platform/mellanox/rshim.mk
+++ b/platform/mellanox/rshim.mk
@@ -15,7 +15,7 @@
 # limitations under the License.
 #
 
-MLNX_RSHIM_DRIVER_VERSION = 2.0.29
+MLNX_RSHIM_DRIVER_VERSION = 2.0.40
 MLNX_RSHIM_ASSETS_GITHUB_URL = https://github.com/Mellanox/sonic-bluefield-packages
 MLNX_RSHIM_ASSETS_RELEASE_TAG = rshim-$(MLNX_RSHIM_DRIVER_VERSION)-$(BLDENV)-$(CONFIGURED_ARCH)
 MLNX_RSHIM_ASSETS_URL = $(MLNX_RSHIM_ASSETS_GITHUB_URL)/releases/download/$(MLNX_RSHIM_ASSETS_RELEASE_TAG)