diff --git a/DEPS b/DEPS
index 0ddfb9e03d5..8f798613ae9 100644
--- a/DEPS
+++ b/DEPS
@@ -97,7 +97,7 @@ vars = {
   ### /third_party/ dependencies
 
   # Prefer to use hashes of binaryen that have been reviewed & rolled into g3.
-  "binaryen_rev" : "23a1a1aacc0dd14767ca8c53a034b7c6bb4acf52",
+  "binaryen_rev" : "654ee6e2504f11fb0e982a2cf276bafa750f694b",
   "boringssl_gen_rev": "fef055e8d2749b82c79c8f043be1cbe5e8e4b40c",
   "boringssl_rev": "2db0eb3f96a5756298dcd7f9319e56a98585bd10",
   "browser-compat-data_tag": "ac8cae697014da1ff7124fba33b0b4245cc6cd1b", # v1.0.22
diff --git a/third_party/binaryen/BUILD.gn b/third_party/binaryen/BUILD.gn
index 470cc9a7f67..c77db555272 100644
--- a/third_party/binaryen/BUILD.gn
+++ b/third_party/binaryen/BUILD.gn
@@ -83,7 +83,6 @@ source_set("binaryen_sources") {
     "src/src/tools/fuzzing",
     "src/src/wasm",
     "src/third_party/llvm-project",
-    "src/third_party/FP16",
   ]
 
   # We avoid listing all sources manually, this means when updating
@@ -104,7 +103,6 @@ source_set("binaryen_sources") {
   include_dirs = [
     "src/src",
     "src/third_party/llvm-project/include",
-    "src/third_party/FP16/include",
   ]
 
   # Ensure WasmIntrinsics.cpp/config.h files are generated.
@@ -130,10 +128,7 @@ template("wasm_tool") {
                               target_name,
                               ".cpp",
                             ]) ]
-    include_dirs = [
-        "src/src",
-        "src/third_party/FP16/include",
-    ]
+    include_dirs = [ "src/src" ]
     deps = [ ":binaryen_sources" ]
     forward_variables_from(invoker, "*")