diff --git a/scripts/settings.sh b/scripts/settings.sh
index 4740fab15..f203c5543 100644
--- a/scripts/settings.sh
+++ b/scripts/settings.sh
@@ -5,7 +5,7 @@ BUILD_DIR=$TOP_DIR/build
 THIRD_DIR=$TOP_DIR/third_party
 CONDA_DIR=$BUILD_DIR/conda
 
-CONDA_VERSION=4.6.14
+CONDA_VERSION=4.7.10
 PYTHON_VERSION=3.7
 
 # Python module versions
@@ -14,8 +14,8 @@ HEXFILE_VERSION=0.1
 CMAKE_VERSION=3.14.4
 
 # Conda package versions
-BINUTILS_VERSION=2.31.1
-GCC_VERSION=8.2.0
+BINUTILS_VERSION=2.32
+GCC_VERSION=9.1.0
 SDCC_VERSION=3.5.0
 OPENOCD_VERSION=0.10.0