diff --git a/package/fmlib/fmlib.hash b/package/fmlib/fmlib.hash
index d4dcf3be5c..f81b017869 100644
--- a/package/fmlib/fmlib.hash
+++ b/package/fmlib/fmlib.hash
@@ -1,3 +1,3 @@
 # Locally computed
-sha256  6e9e6bdb42dc2a6a76cfd756a2d4cdfcc2be90925c1f439e8a11eafa871896a6  fmlib-43fa98fdbf0c697167e415c3f060896d5b482791.tar.gz
-sha256  837559e20d83910a005e7883b876cc5c42805fe4abcf7e5c5b3c8d036b7f61c8  COPYING
+sha256  64dc76c0adc3aa58bce6aba470dee7dee001d4964ccb1958e899a59d9917b21d  fmlib-LSDK-21.08.tar.gz
+sha256  5d7770fa9f70f0c6f0b4784bbca8401811259a4b1e03455dbd863ffd0d34d2ca  COPYING
diff --git a/package/fmlib/fmlib.mk b/package/fmlib/fmlib.mk
index 9509f3de56..3d185979d5 100644
--- a/package/fmlib/fmlib.mk
+++ b/package/fmlib/fmlib.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-FMLIB_VERSION = 43fa98fdbf0c697167e415c3f060896d5b482791
+FMLIB_VERSION = LSDK-21.08
 FMLIB_SITE = $(call github,nxp-qoriq,fmlib,$(FMLIB_VERSION))
-FMLIB_LICENSE = BSD-3-Clause, GPL-2.0+
+FMLIB_LICENSE = BSD-3-Clause
 FMLIB_LICENSE_FILES = COPYING
 FMLIB_DEPENDENCIES = linux
 FMLIB_INSTALL_STAGING = YES