diff --git a/.ci/scripts/zephyr-utils.sh b/.ci/scripts/zephyr-utils.sh
index 28dca2c1dfb..ac65f4f2d27 100644
--- a/.ci/scripts/zephyr-utils.sh
+++ b/.ci/scripts/zephyr-utils.sh
@@ -6,9 +6,9 @@
 # LICENSE file in the root directory of this source tree.
 
 download_arm_zephyr_sdk () {
-    wget https://github.com/zephyrproject-rtos/sdk-ng/releases/download/v0.17.2/zephyr-sdk-0.17.2_linux-x86_64.tar.xz
-    tar -xf zephyr-sdk-0.17.2_linux-x86_64.tar.xz
-    rm -f zephyr-sdk-0.17.2_linux-x86_64.tar.xz
+    wget https://github.com/zephyrproject-rtos/sdk-ng/releases/download/v0.17.3/zephyr-sdk-0.17.3_linux-x86_64.tar.xz
+    tar -xf zephyr-sdk-0.17.3_linux-x86_64.tar.xz
+    rm -f zephyr-sdk-0.17.3_linux-x86_64.tar.xz
 }
 
 setup_zephyr_et_module () {
diff --git a/.github/workflows/trunk.yml b/.github/workflows/trunk.yml
index 4598f531d0b..ea6c71d43ef 100644
--- a/.github/workflows/trunk.yml
+++ b/.github/workflows/trunk.yml
@@ -92,7 +92,7 @@ jobs:
 
         # TODO @Bujji: Should see if this can be moved into the docker image itself
         download_arm_zephyr_sdk
-        ./zephyr-sdk-0.17.2/setup.sh -c -t arm-zephyr-eabi
+        ./zephyr-sdk-0.17.3/setup.sh -c -t arm-zephyr-eabi
         cd $ZEPHYR_PROJ_ROOT
         setup_zephyr_et_module
 
diff --git a/examples/arm/setup.sh b/examples/arm/setup.sh
index 050b0f93c46..22904c52eff 100755
--- a/examples/arm/setup.sh
+++ b/examples/arm/setup.sh
@@ -277,7 +277,7 @@ function select_toolchain() {
         if [[ "${OS}" == "Linux" ]]; then
 	    if [[ "${target_toolchain}" == "zephyr" ]]; then
 	        # TODO can include support for zephyr toolchain for other host platforms later
-                toolchain_url="https://github.com/zephyrproject-rtos/sdk-ng/releases/download/v0.17.2/toolchain_linux-x86_64_arm-zephyr-eabi.tar.xz"
+                toolchain_url="https://github.com/zephyrproject-rtos/sdk-ng/releases/download/v0.17.3/toolchain_linux-x86_64_arm-zephyr-eabi.tar.xz"
                 toolchain_dir="arm-zephyr-eabi"
                 toolchain_md5_checksum="93128be0235cf5cf5f1ee561aa6eac5f"
             else
@@ -299,7 +299,7 @@ function select_toolchain() {
 	    fi
         elif [[ "${OS}" == "Linux" ]]; then
 	    if [[ "${target_toolchain}" == "zephyr" ]]; then
-                toolchain_url="https://github.com/zephyrproject-rtos/sdk-ng/releases/download/v0.17.2/toolchain_linux-aarch64_arm-zephyr-eabi.tar.xz"
+                toolchain_url="https://github.com/zephyrproject-rtos/sdk-ng/releases/download/v0.17.3/toolchain_linux-aarch64_arm-zephyr-eabi.tar.xz"
                 toolchain_dir="arm-zephyr-eabi"
 		toolchain_md5_checksum="ef4ca56786204439a75270ba800cc64b"
 	    else