diff --git a/package-lock.json b/package-lock.json
index ed93a0f2cf..a178c73cf0 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -38019,7 +38019,7 @@
       "license": "Apache-2.0",
       "dependencies": {
         "@opentelemetry/instrumentation": "^0.51.0",
-        "@opentelemetry/semantic-conventions": "^1.0.0",
+        "@opentelemetry/semantic-conventions": "^1.23.0",
         "@types/memcached": "^2.2.6"
       },
       "devDependencies": {
@@ -46866,7 +46866,7 @@
         "@opentelemetry/instrumentation": "^0.51.0",
         "@opentelemetry/sdk-trace-base": "^1.8.0",
         "@opentelemetry/sdk-trace-node": "^1.8.0",
-        "@opentelemetry/semantic-conventions": "^1.0.0",
+        "@opentelemetry/semantic-conventions": "^1.23.0",
         "@types/memcached": "^2.2.6",
         "@types/mocha": "7.0.2",
         "@types/node": "18.6.5",
diff --git a/plugins/node/opentelemetry-instrumentation-memcached/README.md b/plugins/node/opentelemetry-instrumentation-memcached/README.md
index 6913253d98..24e6477889 100644
--- a/plugins/node/opentelemetry-instrumentation-memcached/README.md
+++ b/plugins/node/opentelemetry-instrumentation-memcached/README.md
@@ -48,6 +48,20 @@ registerInstrumentations({
 | ------- | ---- | ------- | ----------- |
 | `enhancedDatabaseReporting` | `boolean` | `false` | Include full command statement in the span - **leaks potentially sensitive information to your spans**. Defaults to `false`. |
 
+## Semantic Conventions
+
+This package uses `@opentelemetry/semantic-conventions` version `1.22+`, which implements Semantic Convention [Version 1.7.0](https://github.com/open-telemetry/opentelemetry-specification/blob/v1.7.0/semantic_conventions/README.md)
+
+Attributes collected:
+
+| Attribute       | Short Description                                                           |
+|-----------------|-----------------------------------------------------------------------------|
+| `db.operation`  | The name of the operation being executed.                                   |
+| `db.statement`  | The database statement being executed.                                      |
+| `db.system`     | An identifier for the database management system (DBMS) product being used. |
+| `net.peer.name` | Remote hostname or similar.                                                 |
+| `net.peer.port` | Remote port number.                                                         |
+
 ## Useful links
 
 - For more information on OpenTelemetry, visit: <https://opentelemetry.io/>
diff --git a/plugins/node/opentelemetry-instrumentation-memcached/package.json b/plugins/node/opentelemetry-instrumentation-memcached/package.json
index d34a39820c..bf47bf5d4a 100644
--- a/plugins/node/opentelemetry-instrumentation-memcached/package.json
+++ b/plugins/node/opentelemetry-instrumentation-memcached/package.json
@@ -61,7 +61,7 @@
   },
   "dependencies": {
     "@opentelemetry/instrumentation": "^0.51.0",
-    "@opentelemetry/semantic-conventions": "^1.0.0",
+    "@opentelemetry/semantic-conventions": "^1.23.0",
     "@types/memcached": "^2.2.6"
   },
   "homepage": "https://github.com/open-telemetry/opentelemetry-js-contrib/tree/main/plugins/node/opentelemetry-instrumentation-memcached#readme"
diff --git a/plugins/node/opentelemetry-instrumentation-memcached/src/instrumentation.ts b/plugins/node/opentelemetry-instrumentation-memcached/src/instrumentation.ts
index fba48b5434..b72ab76896 100644
--- a/plugins/node/opentelemetry-instrumentation-memcached/src/instrumentation.ts
+++ b/plugins/node/opentelemetry-instrumentation-memcached/src/instrumentation.ts
@@ -22,8 +22,10 @@ import {
 } from '@opentelemetry/instrumentation';
 import type * as Memcached from 'memcached';
 import {
-  DbSystemValues,
-  SemanticAttributes,
+  DBSYSTEMVALUES_MEMCACHED,
+  SEMATTRS_DB_OPERATION,
+  SEMATTRS_DB_STATEMENT,
+  SEMATTRS_DB_SYSTEM,
 } from '@opentelemetry/semantic-conventions';
 import * as utils from './utils';
 import { InstrumentationConfig } from './types';
@@ -32,7 +34,7 @@ import { VERSION } from './version';
 export class Instrumentation extends InstrumentationBase {
   static readonly COMPONENT = 'memcached';
   static readonly COMMON_ATTRIBUTES = {
-    [SemanticAttributes.DB_SYSTEM]: DbSystemValues.MEMCACHED,
+    [SEMATTRS_DB_SYSTEM]: DBSYSTEMVALUES_MEMCACHED,
   };
   static readonly DEFAULT_CONFIG: InstrumentationConfig = {
     enhancedDatabaseReporting: false,
@@ -135,8 +137,8 @@ export class Instrumentation extends InstrumentationBase {
       span.setAttributes({
         'db.memcached.key': query.key,
         'db.memcached.lifetime': query.lifetime,
-        [SemanticAttributes.DB_OPERATION]: query.type,
-        [SemanticAttributes.DB_STATEMENT]: (
+        [SEMATTRS_DB_OPERATION]: query.type,
+        [SEMATTRS_DB_STATEMENT]: (
           instrumentation._config as InstrumentationConfig
         ).enhancedDatabaseReporting
           ? query.command
diff --git a/plugins/node/opentelemetry-instrumentation-memcached/src/utils.ts b/plugins/node/opentelemetry-instrumentation-memcached/src/utils.ts
index 4cebd4112e..f8f517071d 100644
--- a/plugins/node/opentelemetry-instrumentation-memcached/src/utils.ts
+++ b/plugins/node/opentelemetry-instrumentation-memcached/src/utils.ts
@@ -15,7 +15,10 @@
  */
 
 import type * as Memcached from 'memcached';
-import { SemanticAttributes } from '@opentelemetry/semantic-conventions';
+import {
+  SEMATTRS_NET_PEER_NAME,
+  SEMATTRS_NET_PEER_PORT,
+} from '@opentelemetry/semantic-conventions';
 
 export const getPeerAttributes = (
   client: any /* Memcached, but the type definitions are lacking */,
@@ -49,12 +52,12 @@ export const getPeerAttributes = (
       const portNumber = parseInt(port, 10);
       if (!isNaN(portNumber)) {
         return {
-          [SemanticAttributes.NET_PEER_NAME]: host,
-          [SemanticAttributes.NET_PEER_PORT]: portNumber,
+          [SEMATTRS_NET_PEER_NAME]: host,
+          [SEMATTRS_NET_PEER_PORT]: portNumber,
         };
       }
       return {
-        [SemanticAttributes.NET_PEER_NAME]: host,
+        [SEMATTRS_NET_PEER_NAME]: host,
       };
     }
   }
diff --git a/plugins/node/opentelemetry-instrumentation-memcached/test/index.test.ts b/plugins/node/opentelemetry-instrumentation-memcached/test/index.test.ts
index 87b96b537e..4e32af5fa6 100644
--- a/plugins/node/opentelemetry-instrumentation-memcached/test/index.test.ts
+++ b/plugins/node/opentelemetry-instrumentation-memcached/test/index.test.ts
@@ -32,8 +32,11 @@ import type * as Memcached from 'memcached';
 import * as assert from 'assert';
 import Instrumentation from '../src';
 import {
-  DbSystemValues,
-  SemanticAttributes,
+  DBSYSTEMVALUES_MEMCACHED,
+  SEMATTRS_DB_SYSTEM,
+  SEMATTRS_EXCEPTION_MESSAGE,
+  SEMATTRS_NET_PEER_NAME,
+  SEMATTRS_NET_PEER_PORT,
 } from '@opentelemetry/semantic-conventions';
 import * as util from 'util';
 
@@ -48,9 +51,9 @@ const CONFIG = {
 };
 
 const DEFAULT_ATTRIBUTES: Attributes = {
-  [SemanticAttributes.DB_SYSTEM]: DbSystemValues.MEMCACHED,
-  [SemanticAttributes.NET_PEER_NAME]: CONFIG.host,
-  [SemanticAttributes.NET_PEER_PORT]: CONFIG.port,
+  [SEMATTRS_DB_SYSTEM]: DBSYSTEMVALUES_MEMCACHED,
+  [SEMATTRS_NET_PEER_NAME]: CONFIG.host,
+  [SEMATTRS_NET_PEER_PORT]: CONFIG.port,
 };
 
 interface ExtendedMemcached extends Memcached {
@@ -178,7 +181,7 @@ describe('memcached@2.x', () => {
 
           assertMatch(
             instrumentationSpans?.[0]?.events[0]?.attributes?.[
-              SemanticAttributes.EXCEPTION_MESSAGE
+              SEMATTRS_EXCEPTION_MESSAGE
             ] as 'string',
             /not stored/
           );