diff --git a/.github/workflows/examples-esp32.yaml b/.github/workflows/examples-esp32.yaml
index 67e903ec847ef0..83a6fb7ca5e674 100644
--- a/.github/workflows/examples-esp32.yaml
+++ b/.github/workflows/examples-esp32.yaml
@@ -38,7 +38,7 @@ jobs:
         if: github.actor != 'restyled-io[bot]'
 
         container:
-            image: connectedhomeip/chip-build-esp32:0.5.25
+            image: connectedhomeip/chip-build-esp32:0.5.27
             volumes:
                 - "/tmp/bloat_reports:/tmp/bloat_reports"
 
diff --git a/.github/workflows/qemu.yaml b/.github/workflows/qemu.yaml
index 3f61f8feb2efb7..8aa5370ff347c0 100644
--- a/.github/workflows/qemu.yaml
+++ b/.github/workflows/qemu.yaml
@@ -34,7 +34,7 @@ jobs:
         if: github.actor != 'restyled-io[bot]'
 
         container:
-            image: connectedhomeip/chip-build-esp32-qemu:0.5.25
+            image: connectedhomeip/chip-build-esp32-qemu:0.5.27
             volumes:
                 - "/tmp/log_output:/tmp/test_logs"
 
diff --git a/.github/workflows/release_artifacts.yaml b/.github/workflows/release_artifacts.yaml
index 18fbb755ad2368..4585b0cfc70e5c 100644
--- a/.github/workflows/release_artifacts.yaml
+++ b/.github/workflows/release_artifacts.yaml
@@ -29,7 +29,7 @@ jobs:
         runs-on: ubuntu-latest
 
         container:
-            image: connectedhomeip/chip-build-esp32:0.5.25
+            image: connectedhomeip/chip-build-esp32:0.5.27
 
         steps:
             - name: Checkout
diff --git a/config/esp32/components/chip/component.mk b/config/esp32/components/chip/component.mk
index c1a18058759fff..21339e3bc3f95c 100644
--- a/config/esp32/components/chip/component.mk
+++ b/config/esp32/components/chip/component.mk
@@ -99,8 +99,8 @@ COMPONENT_ADD_INCLUDEDIRS +=   $(REL_OUTPUT_DIR)/src/include \
 
 # Tell the ESP-IDF build system that the CHIP component defines its own build
 # and clean targets.
-COMPONENT_OWNBUILDTARGET 	 = 1
-COMPONENT_OWNCLEANTARGET 	 = 1
+COMPONENT_OWNBUILDTARGET 	 := chip_build
+COMPONENT_OWNCLEANTARGET 	 := chip_clean
 
 is_debug ?= true
 
@@ -156,10 +156,10 @@ endif
 	cd $(COMPONENT_PATH); ninja $(subst 1,-v,$(filter 1,$(V))) -C $(OUTPUT_DIR) esp32
 
 
-build : install-chip
+chip_build : install-chip
 	echo "CHIP built and installed..."
 	cp -a ${OUTPUT_DIR}/lib/libCHIP.a ${OUTPUT_DIR}/libchip.a
 
-clean:
+chip_clean:
 	echo "RM $(OUTPUT_DIR)"
 	rm -rf $(OUTPUT_DIR)
diff --git a/scripts/requirements.esp32.txt b/scripts/requirements.esp32.txt
index 3d88ceb427a955..1b48a89deb073d 100644
--- a/scripts/requirements.esp32.txt
+++ b/scripts/requirements.esp32.txt
@@ -1,10 +1,11 @@
 setuptools>=21
-click>=5.0
-pyserial>=3.0
+click>=7.0
+pyserial>=3.3
 future>=0.15.2
 cryptography>=2.1.4
 pyparsing>=2.0.3,<2.4.0
 pyelftools>=0.22
+idf-component-manager>=0.2.99-beta
 gdbgui==0.13.2.0
 pygdbmi<=0.9.0.2
 reedsolo>=1.5.3,<=1.5.4