diff --git a/toolchain/toolchain-external/toolchain-external-arm-arm/Config.in b/toolchain/toolchain-external/toolchain-external-arm-arm/Config.in
index 28c6541406..4aab41693d 100644
--- a/toolchain/toolchain-external/toolchain-external-arm-arm/Config.in
+++ b/toolchain/toolchain-external/toolchain-external-arm-arm/Config.in
@@ -3,7 +3,7 @@ comment "Arm toolchains available for Cortex-A with NEON + EABIhf"
 	depends on !BR2_ARM_CPU_ARMV7A || !BR2_ARM_EABIHF || !BR2_ARM_CPU_HAS_NEON
 
 config BR2_TOOLCHAIN_EXTERNAL_ARM_ARM
-	bool "Arm ARM 2021.07"
+	bool "Arm ARM 12.2.rel1"
 	depends on BR2_arm
 	depends on BR2_ARM_CPU_ARMV7A || BR2_ARM_CPU_ARMV8A
 	depends on BR2_ARM_CPU_HAS_NEON
@@ -13,12 +13,12 @@ config BR2_TOOLCHAIN_EXTERNAL_ARM_ARM
 	select BR2_TOOLCHAIN_HAS_SSP
 	select BR2_INSTALL_LIBSTDCPP
 	select BR2_TOOLCHAIN_HEADERS_AT_LEAST_4_20
-	select BR2_TOOLCHAIN_GCC_AT_LEAST_10
+	select BR2_TOOLCHAIN_GCC_AT_LEAST_12
 	select BR2_TOOLCHAIN_HAS_FORTRAN
 	select BR2_TOOLCHAIN_HAS_OPENMP
 	help
-	  Arm toolchain for the ARM architecture. It uses GCC 10.3,
-	  GDB 10.2, glibc 2.33, Binutils 2.36.1. It generates code
+	  Arm toolchain for the ARM architecture. It uses GCC 12.2,
+	  GDB 12, glibc 2.36, Binutils 2.39. It generates code
 	  that runs on all Cortex-A profile devices. The code
 	  generated uses the hard floating point calling convention,
 	  and uses the NEON FPU instructions.
diff --git a/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.hash b/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.hash
index 1fc2c5de57..2c1af4cfcc 100644
--- a/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.hash
+++ b/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.hash
@@ -1,7 +1,4 @@
-# From https://developer.arm.com/-/media/Files/downloads/gnu-a/10.3-2021.07/binrel/gcc-arm-10.3-2021.07-x86_64-arm-none-linux-gnueabihf.tar.xz.asc
-md5  87ec580b290df2febc7c476f59484635  gcc-arm-10.3-2021.07-x86_64-arm-none-linux-gnueabihf.tar.xz
-# From https://developer.arm.com/-/media/Files/downloads/gnu-a/10.3-2021.07/binrel/gcc-arm-10.3-2021.07-aarch64-arm-none-linux-gnueabihf.tar.xz.asc
-md5  0f1c5c90f5c62e1d1066f75fb3e51e21  gcc-arm-10.3-2021.07-aarch64-arm-none-linux-gnueabihf.tar.xz
-# locally calculated
-sha256  aa074fa8371a4f73fecbd16bd62c8b1945f23289e26414794f130d6ccdf8e39c  gcc-arm-10.3-2021.07-x86_64-arm-none-linux-gnueabihf.tar.xz
-sha256  fccd7af76988da2b077f939eb2a78baa9935810918d2bf3f837bc74f52efa825  gcc-arm-10.3-2021.07-aarch64-arm-none-linux-gnueabihf.tar.xz
+# From https://developer.arm.com/-/media/Files/downloads/gnu/12.2.rel1/binrel/arm-gnu-toolchain-12.2.rel1-x86_64-arm-none-linux-gnueabihf.tar.xz.sha256asc
+sha256  d73f230bb946231b648a960b719f2cc1afc792ec2e36f9abc25552f00923a926  arm-gnu-toolchain-12.2.rel1-x86_64-arm-none-linux-gnueabihf.tar.xz
+# From https://developer.arm.com/-/media/Files/downloads/gnu/12.2.rel1/binrel/arm-gnu-toolchain-12.2.rel1-aarch64-arm-none-linux-gnueabihf.tar.xz.sha256asc
+sha256  860f49bc60d559f06408f07a24bc2a09e5b8f9118cfe1daed521ab321c03c78e  arm-gnu-toolchain-12.2.rel1-aarch64-arm-none-linux-gnueabihf.tar.xz
diff --git a/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.mk b/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.mk
index 8731a4f0e5..164b60e6ca 100644
--- a/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.mk
+++ b/toolchain/toolchain-external/toolchain-external-arm-arm/toolchain-external-arm-arm.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-TOOLCHAIN_EXTERNAL_ARM_ARM_VERSION = 2021.07
-TOOLCHAIN_EXTERNAL_ARM_ARM_SITE = https://developer.arm.com/-/media/Files/downloads/gnu-a/10.3-$(TOOLCHAIN_EXTERNAL_ARM_ARM_VERSION)/binrel
+TOOLCHAIN_EXTERNAL_ARM_ARM_VERSION = 12.2.rel1
+TOOLCHAIN_EXTERNAL_ARM_ARM_SITE = https://developer.arm.com/-/media/Files/downloads/gnu/$(TOOLCHAIN_EXTERNAL_ARM_ARM_VERSION)/binrel
 
-TOOLCHAIN_EXTERNAL_ARM_ARM_SOURCE = gcc-arm-10.3-$(TOOLCHAIN_EXTERNAL_ARM_ARM_VERSION)-$(HOSTARCH)-arm-none-linux-gnueabihf.tar.xz
+TOOLCHAIN_EXTERNAL_ARM_ARM_SOURCE = arm-gnu-toolchain-$(TOOLCHAIN_EXTERNAL_ARM_ARM_VERSION)-$(HOSTARCH)-arm-none-linux-gnueabihf.tar.xz
 
 $(eval $(toolchain-external-package))