diff --git a/device/esp_tinyusb/CHANGELOG.md b/device/esp_tinyusb/CHANGELOG.md
index 9e1d846d..bcf7266f 100644
--- a/device/esp_tinyusb/CHANGELOG.md
+++ b/device/esp_tinyusb/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 1.7.1
+
+- NCM: Changed default NTB config to decrease DRAM memory usage (fix for DRAM overflow on ESP32S2)
+
 ## 1.7.0
 
 - NCM: Added possibility to configure NCM Transfer Blocks (NTB) via menuconfig
diff --git a/device/esp_tinyusb/idf_component.yml b/device/esp_tinyusb/idf_component.yml
index 04294bdf..d2a27db7 100644
--- a/device/esp_tinyusb/idf_component.yml
+++ b/device/esp_tinyusb/idf_component.yml
@@ -1,7 +1,7 @@
 ## IDF Component Manager Manifest File
 description: Espressif's additions to TinyUSB
 documentation: "https://docs.espressif.com/projects/esp-idf/en/latest/esp32s2/api-reference/peripherals/usb_device.html"
-version: "1.7.0"
+version: "1.7.1"
 url: https://github.com/espressif/esp-usb/tree/master/device/esp_tinyusb
 dependencies:
   idf: '>=5.0' # IDF 4.x contains TinyUSB as submodule