diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index 4929a5500df1..0c2f6a7d28d0 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -1,6 +1,6 @@
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0010.2002
+MLNX_HW_MANAGEMENT_VERSION = 7.0010.2303
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/0002-hw-mgmt-events-Add-support-for-SDK-OFFLINE-event-for.patch b/platform/mellanox/hw-management/0002-hw-mgmt-events-Add-support-for-SDK-OFFLINE-event-for.patch
deleted file mode 100644
index 6c58f7299c2c..000000000000
--- a/platform/mellanox/hw-management/0002-hw-mgmt-events-Add-support-for-SDK-OFFLINE-event-for.patch
+++ /dev/null
@@ -1,30 +0,0 @@
-From 3e511778248403968e0a02857b7003f352669ba3 Mon Sep 17 00:00:00 2001
-From: Vadim Pasternak <vadimp@nvidia.com>
-Date: Wed, 13 Jan 2021 13:19:17 +0200
-Subject: [PATCH] hw-mgmt: events: Add support for SDK OFFLINE event for
- handling flow with in service firmware upgrade
-
-In order to prevent "mlxsw_minimal" driver access to ASIC during in
-service firmware upgrade flow, SDK will raise "OFFLINE" 'udev' event
-at early beginning of such flow. When this event is received,
-hw-managemnet will remove "mlxsw_minimal" driver.
-There is no need to implement opposite "ONLINE" event, since this flow
-is ended up with "kexec".
-
-Signed-off-by: Vadim Pasternak <vadimp@mellanox.com>
----
- usr/lib/udev/rules.d/50-hw-management-events.rules | 1 +
- 1 file changed, 1 insertion(+)
-
-diff --git a/usr/lib/udev/rules.d/50-hw-management-events.rules b/usr/lib/udev/rules.d/50-hw-management-events.rules
-index cf4219e..33ea1bc 100644
---- a/usr/lib/udev/rules.d/50-hw-management-events.rules
-+++ b/usr/lib/udev/rules.d/50-hw-management-events.rules
-@@ -269,3 +269,4 @@ SUBSYSTEM=="i2c", DEVPATH=="/devices/platform/mlxplat/i2c_mlxcpld*/i2c-*/i2c-*/*
- # SDK
- SUBSYSTEM=="pci", DRIVERS=="sx_core", ACTION=="add", RUN+="/usr/bin/hw-management-thermal-events.sh add sxcore add"
- SUBSYSTEM=="pci", DRIVERS=="sx_core", ACTION=="remove", RUN+="/usr/bin/hw-management-thermal-events.sh rm sxcore remove"
-+SUBSYSTEM=="pci", DRIVERS=="sx_core", ACTION=="offline", RUN+="/usr/bin/hw-management-thermal-events.sh rm sxcore remove"
--- 
-1.9.1
-
diff --git a/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch b/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch
index 0eb3daa7977e..4e49516c8d54 100644
--- a/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch
+++ b/platform/mellanox/hw-management/0003-Make-hw-mgmt-SimX-compatiable.patch
@@ -1,3 +1,13 @@
+From 5858f60aa5948a502ca8a1c9357ac81baa6f68dc Mon Sep 17 00:00:00 2001
+From: junchao <junchao@nvidia.com>
+Date: Fri, 23 Apr 2021 09:27:43 +0800
+Subject: [PATCH] Make hw-mgmt SimX compatible
+
+---
+ usr/usr/bin/hw-management-ready.sh | 11 +++++++----
+ usr/usr/bin/hw-management.sh       |  9 +++++++++
+ 2 files changed, 16 insertions(+), 4 deletions(-)
+
 diff --git a/usr/usr/bin/hw-management-ready.sh b/usr/usr/bin/hw-management-ready.sh
 index 3c9f7b6..05d143f 100755
 --- a/usr/usr/bin/hw-management-ready.sh
@@ -20,10 +30,10 @@ index 3c9f7b6..05d143f 100755
  echo "Start Chassis HW management service."
  logger -t hw-management -p daemon.notice "Start Chassis HW management service."
 diff --git a/usr/usr/bin/hw-management.sh b/usr/usr/bin/hw-management.sh
-index 70f1297..e427a3d 100755
+index 991cf45..16ad0bf 100755
 --- a/usr/usr/bin/hw-management.sh
 +++ b/usr/usr/bin/hw-management.sh
-@@ -1110,6 +1110,13 @@ do_chip_down()
+@@ -1265,6 +1265,13 @@ do_chip_down()
  	/usr/bin/hw-management-thermal-events.sh change hotplug_asic down %S %p
  }
  
@@ -35,9 +45,9 @@ index 70f1297..e427a3d 100755
 +}
 +
  __usage="
- Usage: $(basename $0) [Options]
+ Usage: $(basename "$0") [Options]
  
-@@ -1135,6 +1142,8 @@ Options:
+@@ -1290,6 +1297,8 @@ Options:
  	force-reload	Performs hw-management 'stop' and the 'start.
  "
  
@@ -46,3 +56,6 @@ index 70f1297..e427a3d 100755
  case $ACTION in
  	start)
  		if [ -d /var/run/hw-management ]; then
+-- 
+1.9.1
+
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index 298ffebcb802..8cd7f9872ec4 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit 298ffebcb8026caafba36727ce2fba1f26b100aa
+Subproject commit 8cd7f9872ec4f8ca54863fc2c83722ae7ecc196a