diff --git a/.gitmodules b/.gitmodules
index 1f411acb6ee..d1231e4bb67 100644
--- a/.gitmodules
+++ b/.gitmodules
@@ -1,7 +1,7 @@
 [submodule "riscv-binutils"]
 	path = riscv-binutils
 	url = https://github.com/riscv-collab/riscv-binutils-gdb.git
-	branch = riscv-binutils-2.36.1
+	branch = riscv-binutils-2.38
 [submodule "riscv-gcc"]
 	path = riscv-gcc
 	url = https://github.com/riscv-collab/riscv-gcc.git
diff --git a/riscv-binutils b/riscv-binutils
index 116a737f438..20756b0fbe0 160000
--- a/riscv-binutils
+++ b/riscv-binutils
@@ -1 +1 @@
-Subproject commit 116a737f438d03a1bd6aa706b6ea0b4022f3b7e2
+Subproject commit 20756b0fbe065a84710aa38f2457563b57546440