diff --git a/builder/frameworks/espidf.py b/builder/frameworks/espidf.py
index 69a0899..7c0c974 100644
--- a/builder/frameworks/espidf.py
+++ b/builder/frameworks/espidf.py
@@ -1115,10 +1115,10 @@ def install_python_deps():
         # https://github.com/platformio/platform-espressif32/issues/635
         "cryptography": "~=41.0.1" if IDF5 else ">=2.1.4,<35.0.0",
         "future": ">=0.18.3",
-        "pyparsing": "~=3.0.9" if IDF5 else ">=2.0.3,<2.4.0",
+        "pyparsing": ">=3.1.0,<4" if IDF5 else ">=2.0.3,<2.4.0",
         "kconfiglib": "~=14.1.0" if IDF5 else "~=13.7.1",
         "idf-component-manager": "~=1.5.2" if IDF5 else "~=1.0",
-        "esp-idf-kconfig": "~=1.2.0"
+        "esp-idf-kconfig": ">=1.4.2,<2.0.0"
     }
 
     if sys_platform.system() == "Darwin" and "arm" in sys_platform.machine().lower():
@@ -1165,6 +1165,7 @@ def install_python_deps():
                 )
             )
 
+
 def get_idf_venv_dir():
     # The name of the IDF venv contains the IDF version to avoid possible conflicts and
     # unnecessary reinstallation of Python dependencies in cases when Arduino
@@ -1175,6 +1176,7 @@ def get_idf_venv_dir():
         env.subst("$PROJECT_CORE_DIR"), "penv", ".espidf-" + idf_version
     )
 
+
 def ensure_python_venv_available():
 
     def _is_venv_outdated(venv_data_file):
@@ -1217,7 +1219,6 @@ def ensure_python_venv_available():
             pip_path
         ), "Error: Failed to create a proper virtual environment. Missing the `pip` binary!"
 
-
     venv_dir = get_idf_venv_dir()
     venv_data_file = os.path.join(venv_dir, "pio-idf-venv.json")
     if not os.path.isfile(venv_data_file) or _is_venv_outdated(venv_data_file):
diff --git a/platform.json b/platform.json
index 83f94ce..4073b14 100644
--- a/platform.json
+++ b/platform.json
@@ -85,7 +85,7 @@
       "type": "framework",
       "optional": true,
       "owner": "platformio",
-      "version": "~3.50102.0",
+      "version": "~3.50201.0",
       "optionalVersions": ["~3.40406.0"]
     },
     "tool-esptoolpy": {