diff --git a/sonic-xcvrd/tests/test_xcvrd.py b/sonic-xcvrd/tests/test_xcvrd.py
index a3256d264..41e8dfdcc 100644
--- a/sonic-xcvrd/tests/test_xcvrd.py
+++ b/sonic-xcvrd/tests/test_xcvrd.py
@@ -579,10 +579,14 @@ def test_init_port_sfp_status_tbl(self):
         task = SfpStateUpdateTask(DEFAULT_NAMESPACE, port_mapping, stop_event, sfp_error_event)
         task._init_port_sfp_status_tbl(port_mapping, xcvr_table_helper, stop_event)
 
-    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/invalid/path', None)))
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/invalid/path', '/invalid/path')))
     def test_load_media_settings_missing_file(self):
         assert media_settings_parser.load_media_settings() == {}
 
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/invalid/path', '/invalid/path')))
+    def test_load_optical_si_settings_missing_file(self):
+        assert optics_si_parser.load_optics_si_settings() == {}
+
     @patch('xcvrd.xcvrd.platform_chassis')
     @patch('xcvrd.xcvrd.is_cmis_api')
     def test_get_media_settings_key(self, mock_is_cmis_api, mock_chassis):
@@ -2508,7 +2512,7 @@ class MockPortMapping:
 
     @patch('xcvrd.xcvrd.DaemonXcvrd.load_platform_util', MagicMock())
     @patch('xcvrd.xcvrd_utilities.port_event_helper.get_port_mapping', MagicMock(return_value=MockPortMapping))
-    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/tmp', None)))
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/tmp', '/tmp')))
     @patch('swsscommon.swsscommon.WarmStart', MagicMock())
     @patch('xcvrd.xcvrd.DaemonXcvrd.wait_for_port_config_done', MagicMock())
     def test_DaemonXcvrd_init_deinit_fastboot_enabled(self):
@@ -2531,7 +2535,7 @@ def test_DaemonXcvrd_init_deinit_fastboot_enabled(self):
 
     @patch('xcvrd.xcvrd.DaemonXcvrd.load_platform_util', MagicMock())
     @patch('xcvrd.xcvrd_utilities.port_event_helper.get_port_mapping', MagicMock(return_value=MockPortMapping))
-    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/tmp', None)))
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/tmp', '/tmp')))
     @patch('xcvrd.xcvrd.is_warm_reboot_enabled', MagicMock(return_value=False))
     @patch('xcvrd.xcvrd.DaemonXcvrd.wait_for_port_config_done', MagicMock())
     @patch('subprocess.check_output', MagicMock(return_value='false'))
@@ -2556,6 +2560,21 @@ def test_DaemonXcvrd_init_deinit_cold(self):
 
             status_tbl.hdel.assert_called()
 
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=(test_path, '/invalid/path')))
+    def test_load_optical_si_file_from_platform_folder(self):
+        assert optics_si_parser.load_optics_si_settings() != {}
+
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/invalid/path', test_path)))
+    def test_load_optical_si_file_from_hwsku_folder(self):
+        assert optics_si_parser.load_optics_si_settings() != {}
+
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=(test_path, '/invalid/path')))
+    def test_load_media_settings_file_from_platform_folder(self):
+        assert media_settings_parser.load_media_settings() != {}
+
+    @patch('sonic_py_common.device_info.get_paths_to_platform_and_hwsku_dirs', MagicMock(return_value=('/invalid/path', test_path)))
+    def test_load_media_settings_file_from_hwsku_folder(self):
+        assert media_settings_parser.load_media_settings() != {}
 
 def wait_until(total_wait_time, interval, call_back, *args, **kwargs):
     wait_time = 0
diff --git a/sonic-xcvrd/xcvrd/xcvrd_utilities/media_settings_parser.py b/sonic-xcvrd/xcvrd/xcvrd_utilities/media_settings_parser.py
index 078b8afef..9e79e6c7b 100644
--- a/sonic-xcvrd/xcvrd/xcvrd_utilities/media_settings_parser.py
+++ b/sonic-xcvrd/xcvrd/xcvrd_utilities/media_settings_parser.py
@@ -22,10 +22,17 @@
 
 def load_media_settings():
     global g_dict
-    (platform_path, _) = device_info.get_paths_to_platform_and_hwsku_dirs()
+    (platform_path, hwsku_path) = device_info.get_paths_to_platform_and_hwsku_dirs()
 
-    media_settings_file_path = os.path.join(platform_path, "media_settings.json")
-    if not os.path.isfile(media_settings_file_path):
+    # Support to fetch media_settings.json both from platform folder and HWSKU folder
+    media_settings_file_path_platform = os.path.join(platform_path, "media_settings.json")
+    media_settings_file_path_hwsku = os.path.join(hwsku_path, "media_settings.json")
+
+    if os.path.isfile(media_settings_file_path_hwsku):
+        media_settings_file_path = media_settings_file_path_hwsku
+    elif os.path.isfile(media_settings_file_path_platform):
+        media_settings_file_path = media_settings_file_path_platform
+    else:
         helper_logger.log_info("xcvrd: No media file exists")
         return {}
 
diff --git a/sonic-xcvrd/xcvrd/xcvrd_utilities/optics_si_parser.py b/sonic-xcvrd/xcvrd/xcvrd_utilities/optics_si_parser.py
index fff418563..5960bb27b 100644
--- a/sonic-xcvrd/xcvrd/xcvrd_utilities/optics_si_parser.py
+++ b/sonic-xcvrd/xcvrd/xcvrd_utilities/optics_si_parser.py
@@ -120,10 +120,17 @@ def fetch_optics_si_setting(physical_port, lane_speed, sfp):
 
 def load_optics_si_settings():
     global g_optics_si_dict
-    (platform_path, _) = device_info.get_paths_to_platform_and_hwsku_dirs()
+    (platform_path, hwsku_path) = device_info.get_paths_to_platform_and_hwsku_dirs()
 
-    optics_si_settings_file_path = os.path.join(platform_path, "optics_si_settings.json")
-    if not os.path.isfile(optics_si_settings_file_path):
+    # Support to fetch optics_si_settings.json both from platform folder and HWSKU folder
+    optics_si_settings_file_path_platform = os.path.join(platform_path, "optics_si_settings.json")
+    optics_si_settings_file_path_hwsku = os.path.join(hwsku_path, "optics_si_settings.json")
+
+    if os.path.isfile(optics_si_settings_file_path_hwsku):
+        optics_si_settings_file_path = optics_si_settings_file_path_hwsku
+    elif os.path.isfile(optics_si_settings_file_path_platform):
+        optics_si_settings_file_path = optics_si_settings_file_path_platform
+    else:
         helper_logger.log_info("No optics SI file exists")
         return {}