diff --git a/packages/community-cli-plugin/package.json b/packages/community-cli-plugin/package.json
index e342ccbf4e8a70..e71139c2e7c9dd 100644
--- a/packages/community-cli-plugin/package.json
+++ b/packages/community-cli-plugin/package.json
@@ -23,8 +23,8 @@
   ],
   "dependencies": {
     "@react-native/dev-middleware": "^0.73.5",
-    "@react-native-community/cli-server-api": "12.2.1",
-    "@react-native-community/cli-tools": "12.2.1",
+    "@react-native-community/cli-server-api": "12.3.0",
+    "@react-native-community/cli-tools": "12.3.0",
     "@react-native/metro-babel-transformer": "^0.73.12",
     "chalk": "^4.0.0",
     "execa": "^5.1.1",
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index 240ba1bc7c0d54..a2cc2876b307bf 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -93,9 +93,9 @@
   },
   "dependencies": {
     "@jest/create-cache-key-function": "^29.6.3",
-    "@react-native-community/cli": "12.2.1",
-    "@react-native-community/cli-platform-android": "12.2.1",
-    "@react-native-community/cli-platform-ios": "12.2.1",
+    "@react-native-community/cli": "12.3.0",
+    "@react-native-community/cli-platform-android": "12.3.0",
+    "@react-native-community/cli-platform-ios": "12.3.0",
     "@react-native/assets-registry": "^0.73.1",
     "@react-native/community-cli-plugin": "^0.73.10",
     "@react-native/codegen": "^0.73.2",
diff --git a/yarn.lock b/yarn.lock
index 9b87c27e218d13..e9f67f382f90b3 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2366,43 +2366,43 @@
   optionalDependencies:
     npmlog "2 || ^3.1.0 || ^4.0.0"
 
-"@react-native-community/cli-clean@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-clean/-/cli-clean-12.2.1.tgz#c32615387746fdc551a74b6a7198967ce9f8d723"
-  integrity sha512-Ifw0JQQu62VdF1W+YwpB1Mrh/+fAWZRbD58UGT5ASZg55wO0FcxjArcx1hvpzr6MUjgtIDDR+pMWjKvTc2Yl5Q==
+"@react-native-community/cli-clean@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-clean/-/cli-clean-12.3.0.tgz#667b32daa58b4d11d5b5ab9eb0a2e216d500c90b"
+  integrity sha512-iAgLCOWYRGh9ukr+eVQnhkV/OqN3V2EGd/in33Ggn/Mj4uO6+oUncXFwB+yjlyaUNz6FfjudhIz09yYGSF+9sg==
   dependencies:
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-tools" "12.3.0"
     chalk "^4.1.2"
     execa "^5.0.0"
 
-"@react-native-community/cli-config@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-config/-/cli-config-12.2.1.tgz#84996e2fa886be1cc1838a3a38ff622e1acde3f4"
-  integrity sha512-vzMNf+K8XzL8eTgbT6Sy94aQ2GF2hQXXF1GK/Q9QdqGgmVJUNuVZRiM3VfwdIUpI76OBqkYIu5rB71HiykzHSg==
+"@react-native-community/cli-config@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-config/-/cli-config-12.3.0.tgz#255b4e5391878937a25888f452f50a968d053e3e"
+  integrity sha512-BrTn5ndFD9uOxO8kxBQ32EpbtOvAsQExGPI7SokdI4Zlve70FziLtTq91LTlTUgMq1InVZn/jJb3VIDk6BTInQ==
   dependencies:
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-tools" "12.3.0"
     chalk "^4.1.2"
     cosmiconfig "^5.1.0"
     deepmerge "^4.3.0"
     glob "^7.1.3"
     joi "^17.2.1"
 
-"@react-native-community/cli-debugger-ui@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-debugger-ui/-/cli-debugger-ui-12.2.1.tgz#d1558f1f5f4d8e961920ca4a710ff45daa0ff97f"
-  integrity sha512-RUmipCEtqsgQLNUYGZowiGpv3x6VpoCTCS+cKBzA0Bk0LytR9lTO3OIF7uMFDQ/eGtsoLjtsKGGqz2djVOKhIg==
+"@react-native-community/cli-debugger-ui@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-debugger-ui/-/cli-debugger-ui-12.3.0.tgz#75bbb2082a369b3559e0dffa8bfeebf2a9107e3e"
+  integrity sha512-w3b0iwjQlk47GhZWHaeTG8kKH09NCMUJO729xSdMBXE8rlbm4kHpKbxQY9qKb6NlfWSJN4noGY+FkNZS2rRwnQ==
   dependencies:
     serve-static "^1.13.1"
 
-"@react-native-community/cli-doctor@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-doctor/-/cli-doctor-12.2.1.tgz#940f67415295f9124869de19be7c7dc9f51bc37d"
-  integrity sha512-pqs+b7WfTcmczTye0TQzjo4Z9dN83T9/T7/g4JQLFcsmTFhEuokWLN2WCSN8Qmg43xfpcvhG9K6AZmj5B7GHJA==
+"@react-native-community/cli-doctor@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-doctor/-/cli-doctor-12.3.0.tgz#420eb4e80d482f16d431c4df33fbc203862508af"
+  integrity sha512-BPCwNNesoQMkKsxB08Ayy6URgGQ8Kndv6mMhIvJSNdST3J1+x3ehBHXzG9B9Vfi+DrTKRb8lmEl/b/7VkDlPkA==
   dependencies:
-    "@react-native-community/cli-config" "12.2.1"
-    "@react-native-community/cli-platform-android" "12.2.1"
-    "@react-native-community/cli-platform-ios" "12.2.1"
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-config" "12.3.0"
+    "@react-native-community/cli-platform-android" "12.3.0"
+    "@react-native-community/cli-platform-ios" "12.3.0"
+    "@react-native-community/cli-tools" "12.3.0"
     chalk "^4.1.2"
     command-exists "^1.2.8"
     deepmerge "^4.3.0"
@@ -2417,53 +2417,53 @@
     wcwidth "^1.0.1"
     yaml "^2.2.1"
 
-"@react-native-community/cli-hermes@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-hermes/-/cli-hermes-12.2.1.tgz#6646c780a48f560d1634a0c74d262ac632a8b362"
-  integrity sha512-cyB8Gdh5itALyGPab5XYWgFs8y3FtClkEWseajDdC8rN5cArV1uAGC9+gJHge1Cw/Vj+3db7MqhCEdvoPvfLxw==
+"@react-native-community/cli-hermes@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-hermes/-/cli-hermes-12.3.0.tgz#c302acbfb07e1f4e73e76e3150c32f0e4f54e9ed"
+  integrity sha512-G6FxpeZBO4AimKZwtWR3dpXRqTvsmEqlIkkxgwthdzn3LbVjDVIXKpVYU9PkR5cnT+KuAUxO0WwthrJ6Nmrrlg==
   dependencies:
-    "@react-native-community/cli-platform-android" "12.2.1"
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-platform-android" "12.3.0"
+    "@react-native-community/cli-tools" "12.3.0"
     chalk "^4.1.2"
     hermes-profile-transformer "^0.0.6"
     ip "^1.1.5"
 
-"@react-native-community/cli-platform-android@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-platform-android/-/cli-platform-android-12.2.1.tgz#149450d0a415be88b040da5b272c024682ef05cd"
-  integrity sha512-d8S4Rzly4fa3lumUg/zPQWAd+tvWTjGeHF3M5IwORPVQAA5sMWZmOA6Bvzz0jbZ1pIdCmJn2yxUMUv4b8U3DAg==
+"@react-native-community/cli-platform-android@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-platform-android/-/cli-platform-android-12.3.0.tgz#eafa5fb12ebc25f716aea18cd55039c19fbedca6"
+  integrity sha512-VU1NZw63+GLU2TnyQ919bEMThpHQ/oMFju9MCfrd3pyPJz4Sn+vc3NfnTDUVA5Z5yfLijFOkHIHr4vo/C9bjnw==
   dependencies:
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-tools" "12.3.0"
     chalk "^4.1.2"
     execa "^5.0.0"
     fast-xml-parser "^4.2.4"
     glob "^7.1.3"
     logkitty "^0.7.1"
 
-"@react-native-community/cli-platform-ios@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-platform-ios/-/cli-platform-ios-12.2.1.tgz#fabad3ec8ea57d1f0a859c77ce2bcf0e12e7c9cd"
-  integrity sha512-SHCIstEe9cNrNDbTH8uBFuU893a0Quwq0ecqBmPPGeyVtmJnKF5JHjTyNICBjYl/s0GxKcaXARmvob3RoM4rOA==
+"@react-native-community/cli-platform-ios@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-platform-ios/-/cli-platform-ios-12.3.0.tgz#42a9185bb51f35a7eb9c5818b2f0072846945ef5"
+  integrity sha512-H95Sgt3wT7L8V75V0syFJDtv4YgqK5zbu69ko4yrXGv8dv2EBi6qZP0VMmkqXDamoPm9/U7tDTdbcf26ctnLfg==
   dependencies:
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-tools" "12.3.0"
     chalk "^4.1.2"
     execa "^5.0.0"
     fast-xml-parser "^4.0.12"
     glob "^7.1.3"
     ora "^5.4.1"
 
-"@react-native-community/cli-plugin-metro@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-plugin-metro/-/cli-plugin-metro-12.2.1.tgz#050668d59be729b3c8576fe0c1f3caa1da5a1d2c"
-  integrity sha512-JcUPfF7jB78O+QHArzmEBeH1uLxENspsXr6VGc2c5NRei6NUGWR85LmjJtMn2gTUJ/gk+VB7o+HwP9S8OG2s3A==
+"@react-native-community/cli-plugin-metro@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-plugin-metro/-/cli-plugin-metro-12.3.0.tgz#b4ea8da691d294aee98ccfcd1162bcd958cae834"
+  integrity sha512-tYNHIYnNmxrBcsqbE2dAnLMzlKI3Cp1p1xUgTrNaOMsGPDN1epzNfa34n6Nps3iwKElSL7Js91CzYNqgTalucA==
 
-"@react-native-community/cli-server-api@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-server-api/-/cli-server-api-12.2.1.tgz#b68e26336a96915a5f9609ac43cb4daf5fe8a86f"
-  integrity sha512-T5SMK9BhXT99gECcofCYdbMyIhGALSKorg/xXLzQIqLzGKFmUek6uiXj5AoXrBOWEtIFyRYa1qrRV4lDRcyekg==
+"@react-native-community/cli-server-api@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-server-api/-/cli-server-api-12.3.0.tgz#0460472d44c121d1db8a98ad1df811200c074fb3"
+  integrity sha512-Rode8NrdyByC+lBKHHn+/W8Zu0c+DajJvLmOWbe2WY/ECvnwcd9MHHbu92hlT2EQaJ9LbLhGrSbQE3cQy9EOCw==
   dependencies:
-    "@react-native-community/cli-debugger-ui" "12.2.1"
-    "@react-native-community/cli-tools" "12.2.1"
+    "@react-native-community/cli-debugger-ui" "12.3.0"
+    "@react-native-community/cli-tools" "12.3.0"
     compression "^1.7.1"
     connect "^3.6.5"
     errorhandler "^1.5.1"
@@ -2472,10 +2472,10 @@
     serve-static "^1.13.1"
     ws "^7.5.1"
 
-"@react-native-community/cli-tools@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-tools/-/cli-tools-12.2.1.tgz#e5d0cb821f3dbd485dbc6195582cb0226347f6f3"
-  integrity sha512-mV26wWYKeOhDNzuKLfIYm/1lygZVVjOQ7FMOrm6BuYGtJZAYdRZlc3aGk1v6akh/xHz1Ozvk+M95vnFFlDtjiw==
+"@react-native-community/cli-tools@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-tools/-/cli-tools-12.3.0.tgz#d459a116e1a95034d3c9a6385069c9e2049fb2a6"
+  integrity sha512-2GafnCr8D88VdClwnm9KZfkEb+lzVoFdr/7ybqhdeYM0Vnt/tr2N+fM1EQzwI1DpzXiBzTYemw8GjRq+Utcz2Q==
   dependencies:
     appdirsjs "^1.2.4"
     chalk "^4.1.2"
@@ -2488,27 +2488,27 @@
     shell-quote "^1.7.3"
     sudo-prompt "^9.0.0"
 
-"@react-native-community/cli-types@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli-types/-/cli-types-12.2.1.tgz#506d0aa6727f2a5987dbb3cd7bc06eac46f911d2"
-  integrity sha512-VlFpPQmonEXIu2KSQOD91Yk/RGFSATl/6WfjKRpxhjPDcG0ujiuj8g9fAJibyt8k0BGLKNMzSDCM2nHSfbOasg==
+"@react-native-community/cli-types@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli-types/-/cli-types-12.3.0.tgz#2d21a1f93aefbdb34a04311d68097aef0388704f"
+  integrity sha512-MgOkmrXH4zsGxhte4YqKL7d+N8ZNEd3w1wo56MZlhu5WabwCJh87wYpU5T8vyfujFLYOFuFK5jjlcbs8F4/WDw==
   dependencies:
     joi "^17.2.1"
 
-"@react-native-community/cli@12.2.1":
-  version "12.2.1"
-  resolved "https://registry.yarnpkg.com/@react-native-community/cli/-/cli-12.2.1.tgz#d510030209d74fa817e52d0b0e88ac04cb3dae31"
-  integrity sha512-dbQrfeFGcqaSESGPOE+wgVjfABQz7cm0xrd9Xea76u7F2TOugYi4A+vcjVjvvo7whb8RYO0MWGgfuPyB5+QqhQ==
-  dependencies:
-    "@react-native-community/cli-clean" "12.2.1"
-    "@react-native-community/cli-config" "12.2.1"
-    "@react-native-community/cli-debugger-ui" "12.2.1"
-    "@react-native-community/cli-doctor" "12.2.1"
-    "@react-native-community/cli-hermes" "12.2.1"
-    "@react-native-community/cli-plugin-metro" "12.2.1"
-    "@react-native-community/cli-server-api" "12.2.1"
-    "@react-native-community/cli-tools" "12.2.1"
-    "@react-native-community/cli-types" "12.2.1"
+"@react-native-community/cli@12.3.0":
+  version "12.3.0"
+  resolved "https://registry.yarnpkg.com/@react-native-community/cli/-/cli-12.3.0.tgz#c89aacc3973943bf24002255d7d0859b511d88a1"
+  integrity sha512-XeQohi2E+S2+MMSz97QcEZ/bWpi8sfKiQg35XuYeJkc32Til2g0b97jRpn0/+fV0BInHoG1CQYWwHA7opMsrHg==
+  dependencies:
+    "@react-native-community/cli-clean" "12.3.0"
+    "@react-native-community/cli-config" "12.3.0"
+    "@react-native-community/cli-debugger-ui" "12.3.0"
+    "@react-native-community/cli-doctor" "12.3.0"
+    "@react-native-community/cli-hermes" "12.3.0"
+    "@react-native-community/cli-plugin-metro" "12.3.0"
+    "@react-native-community/cli-server-api" "12.3.0"
+    "@react-native-community/cli-tools" "12.3.0"
+    "@react-native-community/cli-types" "12.3.0"
     chalk "^4.1.2"
     commander "^9.4.1"
     deepmerge "^4.3.0"