diff --git a/README.md b/README.md
index fc5efb54a..13ef0edd9 100644
--- a/README.md
+++ b/README.md
@@ -18,7 +18,7 @@ git clone --recursive https://github.com/espressif/esp-matter.git
 
 ## Supported ESP-IDF and connectedhomeip versions
 
-- This SDK currently works with [tag V1.0.0.1](https://github.com/espressif/connectedhomeip/tree/V1.0.0.1) of connectedhomeip.
+- This SDK currently works with [tag v1.0.0.2](https://github.com/espressif/connectedhomeip/tree/v1.0.0.2) of connectedhomeip.
 - For Wi-Fi devices (ESP32, ESP32-C3, ESP32-S3), ESP-IDF [v4.4.3 release](https://github.com/espressif/esp-idf/releases/tag/v4.4.3) is required.
 - For Thread devices (ESP32-H2) and Zigbee Bridge example, ESP-IDF release/v5.0 branch at [commit 20949d44](https://github.com/espressif/esp-idf/tree/20949d44) should be used.
 
diff --git a/components/esp_matter/esp_matter_cluster.cpp b/components/esp_matter/esp_matter_cluster.cpp
index 810c7bcae..d9c053886 100644
--- a/components/esp_matter/esp_matter_cluster.cpp
+++ b/components/esp_matter/esp_matter_cluster.cpp
@@ -173,10 +173,6 @@ cluster_t *create(endpoint_t *endpoint, uint8_t flags)
 } /* access_control */
 
 namespace basic_information {
-// TODO: Remove this stub function after this PR merged
-// https://github.com/project-chip/connectedhomeip/pull/24162
-void emberAfBasicInformationClusterServerInitCallback(chip::EndpointId endpoint) {}
-
 const function_generic_t function_list[] = {
     (function_generic_t)emberAfBasicInformationClusterServerInitCallback,
 };
diff --git a/connectedhomeip/connectedhomeip b/connectedhomeip/connectedhomeip
index ca086f2f3..4088a77f5 160000
--- a/connectedhomeip/connectedhomeip
+++ b/connectedhomeip/connectedhomeip
@@ -1 +1 @@
-Subproject commit ca086f2f397fc4128f4964afb17433377e01faf4
+Subproject commit 4088a77f557e8571a39338fad51a1d8eb0131d79
diff --git a/tools/docker/chip-builds b/tools/docker/chip-builds
index 932fe1671..5effb0777 100644
--- a/tools/docker/chip-builds
+++ b/tools/docker/chip-builds
@@ -7,7 +7,7 @@ ENV CHIP_PATH=/opt/espressif/connectedhomeip
 RUN set -x \
     && git init \
     && git remote add origin https://github.com/project-chip/connectedhomeip.git \
-    && git fetch origin --depth 1 V1.0.0.1 \
+    && git fetch origin --depth 1 v1.0.0.2 \
     && git checkout FETCH_HEAD \
     && : # last line