diff --git a/tools/base/requirements.txt b/tools/base/requirements.txt
index daa7a656de1cf..97bd828dc0a1f 100644
--- a/tools/base/requirements.txt
+++ b/tools/base/requirements.txt
@@ -1000,7 +1000,7 @@ yarl==1.7.2 \
     # via aiohttp
 
 # The following packages are considered to be unsafe in a requirements file:
-setuptools==62.3.2 \
-    --hash=sha256:68e45d17c9281ba25dc0104eadd2647172b3472d9e01f911efa57965e8d51a36 \
-    --hash=sha256:a43bdedf853c670e5fed28e5623403bad2f73cf02f9a2774e91def6bda8265a7
+setuptools==63.4.1 \
+    --hash=sha256:7c7854ee1429a240090297628dc9f75b35318d193537968e2dc14010ee2f5bca \
+    --hash=sha256:dc2662692f47d99cb8ae15a784529adeed535bcd7c277fee0beccf961522baf6
     # via -r requirements.in