diff --git a/hypervisor/Makefile b/hypervisor/Makefile
index 1ba75b9b5..75814a8f2 100644
--- a/hypervisor/Makefile
+++ b/hypervisor/Makefile
@@ -225,8 +225,7 @@ DISTCLEAN_OBJS := $(shell find $(BASEDIR) -name '*.o')
 VERSION := $(HV_OBJDIR)/include/version.h
 
 .PHONY: all
-all: $(VERSION) $(HV_OBJDIR)/$(HV_FILE).32.out $(HV_OBJDIR)/$(HV_FILE).bin
-	rm -f $(VERSION)
+all: $(HV_OBJDIR)/$(HV_FILE).32.out $(HV_OBJDIR)/$(HV_FILE).bin
 
 ifeq ($(CONFIG_PLATFORM), uefi)
 all: efi
@@ -240,7 +239,7 @@ install: efi
 endif
 
 ifeq ($(CONFIG_PLATFORM), sbl)
-install: $(VERSION) $(HV_OBJDIR)/$(HV_FILE).32.out
+install: $(HV_OBJDIR)/$(HV_FILE).32.out
 	install -D $(HV_OBJDIR)/$(HV_FILE).32.out $(DESTDIR)/usr/lib/acrn/$(HV_FILE).sbl
 endif
 
@@ -299,7 +298,7 @@ $(VERSION):
 -include $(C_OBJS:.o=.d)
 -include $(S_OBJS:.o=.d)
 
-$(HV_OBJDIR)/%.o: %.c $(HV_OBJDIR)/$(HV_CONFIG_H)
+$(HV_OBJDIR)/%.o: %.c $(VERSION) $(HV_OBJDIR)/$(HV_CONFIG_H)
 	[ ! -e $@ ] && mkdir -p $(dir $@); \
 	$(CC) $(patsubst %, -I%, $(INCLUDE_PATH)) -I. -c $(CFLAGS) $(ARCH_CFLAGS) $< -o $@ -MMD -MT $@