diff --git a/esptool-4.6.2.tar.gz b/esptool-4.6.2.tar.gz
deleted file mode 100644
index 0baab81..0000000
--- a/esptool-4.6.2.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:e8805a91410abe4aad4078c06eb71b9ee918044f2729e6a186d72ff7458a9d10
-size 7003860
diff --git a/esptool-4.7.0.tar.gz b/esptool-4.7.0.tar.gz
new file mode 100644
index 0000000..e862199
--- /dev/null
+++ b/esptool-4.7.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:da68c175e4ae3fd9d87469b7ef1b8429cd84a8f8a2d22c96273640d329e68c1d
+size 7045501
diff --git a/python-esptool.changes b/python-esptool.changes
index a2e07cf..126893e 100644
--- a/python-esptool.changes
+++ b/python-esptool.changes
@@ -1,3 +1,52 @@
+-------------------------------------------------------------------
+Thu Jul  4 18:22:41 UTC 2024 - Adrian Schröter <adrian@suse.de>
+
+- update to 4.7.0:
+  New Features
+    * spi_connection: Support --spi-connection on all chips, allowing connection of an external flash
+    * esp32-s3: Support >16MB quad flash chips
+    * bin_images: add support for intel hex format images
+    * merge_bin: add support for uf2 format
+    * esptool: added esp32p4 target
+    * esp32p4: Stub flasher support
+    * espefuse: Support XTS_AES_256_KEY key_purpose for ESP32P4
+    * xip_psram: support xip psram feature on esp32p4
+    * elf2image: add ram-only-header argument
+    * rfc2217_server: Add hard reset sequence
+    * espefuse: Adds efuse ADC calibration data for ESP32H2
+    * espefuse: Update the way to complete the operation
+    * add support for get_security_info on esp32c3 ECO7
+    * loader: Added hints for some serial port issues when rising port error
+    * Add support for Python 3.12
+    * esp32c3: Support ECO6 and ECO7 magic numbers
+    * efuse: Update key purpose table and tests
+    * efuse: ESP32P4 adds ecdsa_key support
+    * espefuse: Add support for esp32p4 chip
+    * espsecure: Allow prompting for HSM PIN in read_hsm_config
+    * esptool: Add new packages for ESP32C3 and flash efuses
+    * esptool: Add tests for get_chip_features
+    * esptool: Add PICO package for ESP32S3 and flash/psram efuses
+    * get_security_info: Improved the output format and added more details
+   Bug Fixes
+    * flasher_stub: fix usb-serial-jtag enabled non-related intr source, improved stability
+    * esp32c2: Added get_flash_cap and get_flash_vendor
+    * testloadram: Windows assertion error
+    * fixed exit() to be used from the correct module
+    * esp32c2: Recommend using higher baud rate if connection fails
+    * test_esptool: Fixed connection issues on Windows
+    * esptool: Rephrase the --ram-only-header command message
+    * load_ram: check for overlaps in bss section
+    * tests/intelhex: make sure file is closed on Windows
+    * spi_connection: Unattach previously attached SPI flash
+    * espefuse: Fix ECDSA_FORCE_USE_HARDWARE_K for ECDSA key (esp32h2)
+    * loader: Could not open serial port message adjusted
+    * bin_image: Check only ELF sections when searching for .flash.appdesc
+    * Fix redirection of STDOUT
+    * autodetection: Remove the ESP32-S2 ROM class from get_security_info autodetection
+    * elf2image: fix text/rodata mapping overlap issue on uni-idrom bus chips
+    * expand file args: Correctly print the expanded command
+    * esp32-c2: Enable flashing in secure download mode
+
 -------------------------------------------------------------------
 Tue Jun 20 16:13:33 UTC 2023 - Dirk Müller <dmueller@suse.com>
 
diff --git a/python-esptool.spec b/python-esptool.spec
index f0edc42..5bf22ce 100644
--- a/python-esptool.spec
+++ b/python-esptool.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package python-esptool
 #
-# Copyright (c) 2023 SUSE LLC
+# Copyright (c) 2024 SUSE LLC
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -17,7 +17,7 @@
 
 
 Name:           python-esptool
-Version:        4.6.2
+Version:        4.7.0
 Release:        0
 Summary:        A serial utility to communicate & flash code to Espressif ESP8266 & ESP32 chips
 License:        GPL-2.0-or-later
@@ -27,7 +27,7 @@ Source:         https://github.com/espressif/esptool/archive/v%{version}.tar.gz#
 BuildRequires:  %{python_module base >= 3.7}
 BuildRequires:  %{python_module bitstring >= 3.1.6}
 BuildRequires:  %{python_module ecdsa >= 0.16.0}
-BuildRequires:  %{python_module pyaes}
+BuildRequires:  %{python_module intelhex}
 BuildRequires:  %{python_module pyelftools}
 BuildRequires:  %{python_module pyserial >= 3.0}
 BuildRequires:  %{python_module pytest}
@@ -39,11 +39,15 @@ BuildRequires:  %{python_module cryptography}
 BuildRequires:  fdupes
 BuildRequires:  openssl
 BuildRequires:  python-rpm-macros
+Requires:       python-PyYAML >= 5.1
+Requires:       python-bitstring >= 3.1.6
+Requires:       python-cryptography >= 2.1.4
 Requires:       python-ecdsa >= 0.16.0
-Requires:       python-pyaes
+Requires:       python-intelhex
 Requires:       python-pyserial >= 3.0
+Requires:       python-reedsolo >= 1.5.3
 Requires(post): update-alternatives
-Requires(postun):update-alternatives
+Requires(postun): update-alternatives
 BuildArch:      noarch
 %python_subpackages