diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2e246017d..f798c0f16 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -27,6 +27,7 @@ PLEASE REMEMBER TO CHANGE THE '..main' WITH AN ACTUAL TAG in GITHUB LINK.
   * {func}`jax.numpy.broadcast_arrays` and {func}`jax.numpy.broadcast_to` now require scalar
     or array-like inputs, and will fail if they are passed lists (part of {jax-issue}`#7737`).
   * The standard jax[tpu] install can now be used with Cloud TPU v4 VMs.
+  * `pjit` now works on CPU (in addition to previous TPU and GPU support).
 
 
 ## jaxlib 0.3.2 (March 16, 2022)
diff --git a/jax/version.py b/jax/version.py
index a2ff0009a..1c68a4f67 100644
--- a/jax/version.py
+++ b/jax/version.py
@@ -12,6 +12,6 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "0.3.2"
+__version__ = "0.3.3"
 
 _minimum_jaxlib_version = "0.3.0"
diff --git a/jaxlib/version.py b/jaxlib/version.py
index f27b31442..6d073ebfd 100644
--- a/jaxlib/version.py
+++ b/jaxlib/version.py
@@ -17,4 +17,4 @@
 # reflect the most recent available binaries.
 # __version__ should be increased after releasing the current version
 # (i.e. on main, this is always the next version to be released).
-__version__ = "0.3.2"
+__version__ = "0.3.3"
diff --git a/setup.py b/setup.py
index 9cda00478..5a7fb96e7 100644
--- a/setup.py
+++ b/setup.py
@@ -16,7 +16,7 @@ from setuptools import setup, find_packages
 
 _current_jaxlib_version = '0.3.2'
 # The following should be updated with each new jaxlib release.
-_latest_jaxlib_version_on_pypi = '0.3.0'
+_latest_jaxlib_version_on_pypi = '0.3.2'
 _available_cuda_versions = ['11']
 _default_cuda_version = '11'
 _available_cudnn_versions = ['82', '805']