diff --git a/setup.py b/setup.py
index fab9f729f82b..94d593b08c3b 100644
--- a/setup.py
+++ b/setup.py
@@ -22,13 +22,13 @@
 
 project_name = 'jax'
 
-_current_jaxlib_version = '0.4.20'
+_current_jaxlib_version = '0.4.21'
 # The following should be updated with each new jaxlib release.
 _latest_jaxlib_version_on_pypi = '0.4.20'
 _available_cuda11_cudnn_versions = ['86']
 _default_cuda11_cudnn_version = '86'
 _default_cuda12_cudnn_version = '89'
-_libtpu_version = '0.1.dev20231102'
+_libtpu_version = '0.1.dev20231204'
 
 def load_version_module(pkg_path):
   spec = importlib.util.spec_from_file_location(
diff --git a/third_party/xla/workspace.bzl b/third_party/xla/workspace.bzl
index 6fd8ec1d507e..aa245e56d9f3 100644
--- a/third_party/xla/workspace.bzl
+++ b/third_party/xla/workspace.bzl
@@ -20,8 +20,8 @@ load("//third_party:repo.bzl", "tf_http_archive", "tf_mirror_urls")
 #    curl -L https://github.com/openxla/xla/archive/<git hash>.tar.gz | sha256sum
 #    and update XLA_SHA256 with the result.
 
-XLA_COMMIT = "96c4f8749b6521ff3e2670d168c9095a5f6323c5"
-XLA_SHA256 = "68601c20ab970ca7d35fead91566f847152b1e5a14319e2ffaf9bc35243e1292"
+XLA_COMMIT = "96c964be6e99b57d5edbe65e0185bc7898e2e9c1"
+XLA_SHA256 = "567182c0dde8d7c80938453ae0fa5904b3d004b4e3906888a2b20be9454731bf"
 
 def repo():
     tf_http_archive(