diff --git a/drivers/mtd/chips/cfi_cmdset_0002.c b/drivers/mtd/chips/cfi_cmdset_0002.c
index 5a4bfe33112a..6da141af9cba 100644
--- a/drivers/mtd/chips/cfi_cmdset_0002.c
+++ b/drivers/mtd/chips/cfi_cmdset_0002.c
@@ -2029,6 +2029,8 @@ static int cfi_amdstd_panic_wait(struct map_info *map, struct flchip *chip,
 
 			udelay(1);
 		}
+
+		retries--;
 	}
 
 	/* the chip never became ready */