diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0c811c73ae49..b73e53543e3f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -20,6 +20,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 * Clarified description of `xp` keyword in docstring of `dpnp.interp` [#2506](https://github.com/IntelPython/dpnp/pull/2506)
 * Updated existing GitHub workflows to add testing with Python 3.13 [#2510](https://github.com/IntelPython/dpnp/pull/2510)
 * Aligned the license expression with `PEP-639` [#2511](https://github.com/IntelPython/dpnp/pull/2511)
+* Bumped oneMKL version up to `v0.8` [#2514](https://github.com/IntelPython/dpnp/pull/2514)
 
 ### Deprecated
 
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 9e0a3183f936..943388ad5b0e 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -183,7 +183,7 @@ if(_use_onemath)
         FetchContent_Declare(
             onemath_library
                 GIT_REPOSITORY https://github.com/uxlfoundation/oneMath.git
-                GIT_TAG 20ba6fd7ae4af6ed693246cfd22c343e6522edbe  # v0.7
+                GIT_TAG 5c7e1e7a710556e51f70ecc8dd26dfd04e3abf41  # v0.8
         )
     endif()