diff --git a/charts/aws-cloud-controller-manager/values.yaml b/charts/aws-cloud-controller-manager/values.yaml
index 8fc8f3b9b2..676e8fafb7 100644
--- a/charts/aws-cloud-controller-manager/values.yaml
+++ b/charts/aws-cloud-controller-manager/values.yaml
@@ -6,7 +6,7 @@ args:
 
 image:
     repository: registry.k8s.io/provider-aws/cloud-controller-manager
-    tag: v1.27.1
+    tag: v1.33.0
 
 # Specify image pull secrets
 imagePullSecrets: []