diff --git a/libs/icu/Makefile b/libs/icu/Makefile
index 310dc354c..0fddd5ffd 100644
--- a/libs/icu/Makefile
+++ b/libs/icu/Makefile
@@ -8,14 +8,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=icu4c
-MAJOR_VERSION:=73
-MINOR_VERSION:=2
+MAJOR_VERSION:=74
+MINOR_VERSION:=1
 PKG_VERSION:=$(MAJOR_VERSION).$(MINOR_VERSION)
 PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(MAJOR_VERSION)_$(MINOR_VERSION)-src.tgz
 PKG_SOURCE_URL:=https://github.com/unicode-org/icu/releases/download/release-$(MAJOR_VERSION)-$(MINOR_VERSION)
-PKG_HASH:=818a80712ed3caacd9b652305e01afc7fa167e6f2e94996da44b90c2ab604ce1
+PKG_HASH:=86ce8e60681972e60e4dcb2490c697463fcec60dd400a5f9bffba26d0b52b8d0
 
 PKG_LICENSE:=ICU
 PKG_LICENSE_FILES:=LICENSE