diff --git a/CHANGELOG.md b/CHANGELOG.md
index acb1cd68..2d825c4a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -23,8 +23,12 @@ To release a new version (e.g. from `1.0.0` -> `2.0.0`):
 
 ## [Unreleased]
 
+## [0.3.2] - 2024-01-03
+
 * Fixed spurious invalid value warnings when casting between floating point
   types on Mac ARM.
+* Remove `pybind11` build requirement
+* Update C++ sources for compatibility with NumPy 2.0
 
 ## [0.3.1] - 2023-09-22
 
@@ -52,7 +56,8 @@ To release a new version (e.g. from `1.0.0` -> `2.0.0`):
 
 * Initial release
 
-[Unreleased]: https://github.com/jax-ml/ml_dtypes/compare/v0.3.1...HEAD
+[Unreleased]: https://github.com/jax-ml/ml_dtypes/compare/v0.3.2...HEAD
+[0.3.2]: https://github.com/jax-ml/ml_dtypes/compare/v0.3.1...v0.3.2
 [0.3.1]: https://github.com/jax-ml/ml_dtypes/compare/v0.3.0...v0.3.1
 [0.3.0]: https://github.com/jax-ml/ml_dtypes/compare/v0.2.0...v0.3.0
 [0.2.0]: https://github.com/jax-ml/ml_dtypes/compare/v0.1.0...v0.2.0
diff --git a/ml_dtypes/__init__.py b/ml_dtypes/__init__.py
index 7546ba96..1df78fb1 100644
--- a/ml_dtypes/__init__.py
+++ b/ml_dtypes/__init__.py
@@ -12,7 +12,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = '0.3.1'  # Keep in sync with pyproject.toml:version
+__version__ = '0.3.2'  # Keep in sync with pyproject.toml:version
 __all__ = [
     '__version__',
     'bfloat16',
diff --git a/pyproject.toml b/pyproject.toml
index a0c458cc..e1b71224 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "ml_dtypes"
-version = "0.3.1"  # Keep in sync with ml_dtypes/__init__.py:__version__
+version = "0.3.2"  # Keep in sync with ml_dtypes/__init__.py:__version__
 description = ""
 readme = "README.md"
 requires-python = ">=3.9"