diff --git a/Overlays/jureca_mi200_overlay/u/UCX/UCX-default.eb b/Overlays/jureca_mi200_overlay/u/UCX/UCX-default.eb
index 19adba9adb7a1c60c929d81ca0d0afe23505d528..90067799732032b966ea8f50bffb19845ddb4c5b 100644
--- a/Overlays/jureca_mi200_overlay/u/UCX/UCX-default.eb
+++ b/Overlays/jureca_mi200_overlay/u/UCX/UCX-default.eb
@@ -2,7 +2,7 @@ easyblock = 'ConfigureMake'
 
 name = 'UCX'
 version = 'default'
-local_realversion = '1.12.0'
+local_realversion = '1.12.1'
 
 homepage = 'https://www.openucx.org/'
 description = """Unified Communication X
@@ -16,7 +16,7 @@ toolchainopts = {'pic': True}
 source_urls = [
     f'https://github.com/openucx/ucx/releases/download/v{local_realversion}']
 sources = ['%%(namelower)s-%s.tar.gz' % local_realversion]
-checksums = ['93e994de2d1a4df32381ea92ba4c98a249010d1720eb0f6110dc72c9a7d25db6']
+checksums = ['40b447c8e7da94a253f2828001b2d76021eb4ad39647107d433d62d61e18ae8e']
 
 builddependencies = [
     ('binutils', '2.37'),