diff --git a/charts/karpenter/Chart.yaml b/charts/karpenter/Chart.yaml
index 7cd34a87..720462fa 100644
--- a/charts/karpenter/Chart.yaml
+++ b/charts/karpenter/Chart.yaml
@@ -2,9 +2,9 @@ apiVersion: v2
 name: karpenter
 description: A Helm chart for Karpenter, an open-source node provisioning project built for Kubernetes.
 type: application
-version: 1.0.37
+version: 1.0.38
 appVersion: 0.32.0
 dependencies:
 - name: karpenter
-  version: 0.16.3
+  version: 0.32.0
   repository: https://charts.karpenter.sh/
\ No newline at end of file