diff --git a/jax/version.py b/jax/version.py
index d888836e629d..7fde742cd259 100644
--- a/jax/version.py
+++ b/jax/version.py
@@ -133,7 +133,7 @@ def make_release_tree(self, base_dir, files):
 
 
 __version__ = _get_version_string()
-_minimum_jaxlib_version = "0.4.34"
+_minimum_jaxlib_version = "0.4.35"
 
 def _version_as_tuple(version_str):
   return tuple(int(i) for i in version_str.split(".") if i.isdigit())
diff --git a/setup.py b/setup.py
index 9ce3626fec75..5df8ea75ffa0 100644
--- a/setup.py
+++ b/setup.py
@@ -19,7 +19,7 @@
 
 project_name = 'jax'
 
-_current_jaxlib_version = '0.4.34'
+_current_jaxlib_version = '0.4.35'
 # The following should be updated after each new jaxlib release.
 _latest_jaxlib_version_on_pypi = '0.4.34'