diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index e63e2bab56c6..991640b3e895 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -46,7 +46,7 @@ val asmVersion = "9.7.1"
 val jmhVersion = "1.37"
 val mockitoVersion = "4.11.0"
 val slf4jVersion = "2.0.16"
-val semConvVersion = "1.28.0-alpha"
+val semConvVersion = "1.29.0-alpha"
 
 val CORE_DEPENDENCIES = listOf(
   "io.opentelemetry.semconv:opentelemetry-semconv:${semConvVersion}",
diff --git a/licenses/licenses.md b/licenses/licenses.md
index a80f7b433fe5..648f6930967e 100644
--- a/licenses/licenses.md
+++ b/licenses/licenses.md
@@ -163,11 +163,11 @@
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java-contrib](https://github.com/open-telemetry/opentelemetry-java-contrib)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**37** **Group:** `io.opentelemetry.semconv` **Name:** `opentelemetry-semconv` **Version:** `1.28.0-alpha`
+**37** **Group:** `io.opentelemetry.semconv` **Name:** `opentelemetry-semconv` **Version:** `1.29.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/semantic-conventions-java](https://github.com/open-telemetry/semantic-conventions-java)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
 
-**38** **Group:** `io.opentelemetry.semconv` **Name:** `opentelemetry-semconv-incubating` **Version:** `1.28.0-alpha`
+**38** **Group:** `io.opentelemetry.semconv` **Name:** `opentelemetry-semconv-incubating` **Version:** `1.29.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/semantic-conventions-java](https://github.com/open-telemetry/semantic-conventions-java)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)