diff --git a/config/esp32/components/chip/idf_component.yml b/config/esp32/components/chip/idf_component.yml
index f4b130c7402af5..dfffae38d84c81 100644
--- a/config/esp32/components/chip/idf_component.yml
+++ b/config/esp32/components/chip/idf_component.yml
@@ -18,7 +18,7 @@ dependencies:
             - if: "idf_version >=4.4"
 
     espressif/esp_insights:
-        version: "1.0.1"
+        version: "1.2.2"
         require: public
         # There is an issue with IDF-Component-Manager when ESP Insights is included.
         # Issue: https://github.com/project-chip/connectedhomeip/issues/29125