diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 195c850..28d8ead 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,6 +1,12 @@
 IO Framework change log
 =======================
 
+3.0.1
+-----
+
+  * CHANGE: Updated lib_mic_array to v5.0.3
+  * CHANGE: Updated lib_xud to v2.2.3
+
 3.0.0
 -----
 
diff --git a/modules/mic_array b/modules/mic_array
index ccfd6d7..c045fc2 160000
--- a/modules/mic_array
+++ b/modules/mic_array
@@ -1 +1 @@
-Subproject commit ccfd6d72f04c816dd5b2c615e352ce12c6f8edf3
+Subproject commit c045fc228777baccf5defd7710d029312ede4847
diff --git a/modules/xud/lib_xud b/modules/xud/lib_xud
index 50dfe9f..d5a9973 160000
--- a/modules/xud/lib_xud
+++ b/modules/xud/lib_xud
@@ -1 +1 @@
-Subproject commit 50dfe9f62f20c7dc752f2bdc2be17e4498e60bc3
+Subproject commit d5a99733f9c23e2cf48cc1bc526a8c0b267b97a9
diff --git a/settings.json b/settings.json
index 42183eb..eb2de71 100644
--- a/settings.json
+++ b/settings.json
@@ -1,5 +1,5 @@
 {
     "title": "XCORE Peripheral IO Framework",
     "project": "fwk_io",
-    "version": "3.0.0"
+    "version": "3.0.1"
 }
\ No newline at end of file