diff --git a/platform/mellanox/mlnx-platform-api/sonic_platform/chassis.py b/platform/mellanox/mlnx-platform-api/sonic_platform/chassis.py
index f0b73de66c34..5870d7e6b602 100644
--- a/platform/mellanox/mlnx-platform-api/sonic_platform/chassis.py
+++ b/platform/mellanox/mlnx-platform-api/sonic_platform/chassis.py
@@ -124,6 +124,7 @@ def __init__(self):
         self.reboot_cause_initialized = False
 
         self.sfp_module = None
+        self.sfp_lock = threading.Lock()
 
         # Build the RJ45 port list from platform.json and hwsku.json
         self._RJ45_port_inited = False
@@ -277,38 +278,49 @@ def _import_sfp_module(self):
 
     def initialize_single_sfp(self, index):
         sfp_count = self.get_num_sfps()
+        # Use double checked locking mechanism for:
+        #     1. protect shared resource self._sfp_list
+        #     2. performance (avoid locking every time)
         if index < sfp_count:
-            if not self._sfp_list:
-                self._sfp_list = [None] * sfp_count
-
-            if not self._sfp_list[index]:
-                sfp_module = self._import_sfp_module()
-                if self.RJ45_port_list and index in self.RJ45_port_list:
-                    self._sfp_list[index] = sfp_module.RJ45Port(index)
-                else:
-                    self._sfp_list[index] = sfp_module.SFP(index)
-                self.sfp_initialized_count += 1
+            if not self._sfp_list or not self._sfp_list[index]:
+                with self.sfp_lock:
+                    if not self._sfp_list:
+                        self._sfp_list = [None] * sfp_count
+
+                    if not self._sfp_list[index]:
+                        sfp_module = self._import_sfp_module()
+                        if self.RJ45_port_list and index in self.RJ45_port_list:
+                            self._sfp_list[index] = sfp_module.RJ45Port(index)
+                        else:
+                            self._sfp_list[index] = sfp_module.SFP(index)
+                        self.sfp_initialized_count += 1
 
     def initialize_sfp(self):
-        if not self._sfp_list:
-            sfp_module = self._import_sfp_module()
-            sfp_count = self.get_num_sfps()
-            for index in range(sfp_count):
-                if self.RJ45_port_list and index in self.RJ45_port_list:
-                    sfp_object = sfp_module.RJ45Port(index)
-                else:
-                    sfp_object = sfp_module.SFP(index)
-                self._sfp_list.append(sfp_object)
-            self.sfp_initialized_count = sfp_count
-        elif self.sfp_initialized_count != len(self._sfp_list):
-            sfp_module = self._import_sfp_module()
-            for index in range(len(self._sfp_list)):
-                if self._sfp_list[index] is None:
-                    if self.RJ45_port_list and index in self.RJ45_port_list:
-                        self._sfp_list[index] = sfp_module.RJ45Port(index)
-                    else:
-                        self._sfp_list[index] = sfp_module.SFP(index)
-            self.sfp_initialized_count = len(self._sfp_list)
+        sfp_count = self.get_num_sfps()
+        # Use double checked locking mechanism for:
+        #     1. protect shared resource self._sfp_list
+        #     2. performance (avoid locking every time)
+        if sfp_count != self.sfp_initialized_count:
+            with self.sfp_lock:
+                if sfp_count != self.sfp_initialized_count:
+                    if not self._sfp_list:
+                        sfp_module = self._import_sfp_module()
+                        for index in range(sfp_count):
+                            if self.RJ45_port_list and index in self.RJ45_port_list:
+                                sfp_object = sfp_module.RJ45Port(index)
+                            else:
+                                sfp_object = sfp_module.SFP(index)
+                            self._sfp_list.append(sfp_object)
+                        self.sfp_initialized_count = sfp_count
+                    elif self.sfp_initialized_count != len(self._sfp_list):
+                        sfp_module = self._import_sfp_module()
+                        for index in range(len(self._sfp_list)):
+                            if self._sfp_list[index] is None:
+                                if self.RJ45_port_list and index in self.RJ45_port_list:
+                                    self._sfp_list[index] = sfp_module.RJ45Port(index)
+                                else:
+                                    self._sfp_list[index] = sfp_module.SFP(index)
+                        self.sfp_initialized_count = len(self._sfp_list)
 
     def get_num_sfps(self):
         """
diff --git a/platform/mellanox/mlnx-platform-api/tests/test_chassis.py b/platform/mellanox/mlnx-platform-api/tests/test_chassis.py
index fce9bd00b0ee..ffe86aaf3d08 100644
--- a/platform/mellanox/mlnx-platform-api/tests/test_chassis.py
+++ b/platform/mellanox/mlnx-platform-api/tests/test_chassis.py
@@ -16,8 +16,10 @@
 #
 
 import os
+import random
 import sys
 import subprocess
+import threading
 
 from mock import MagicMock
 if sys.version_info.major == 3:
@@ -167,6 +169,30 @@ def test_sfp(self):
         assert len(sfp_list) == 3
         assert chassis.sfp_initialized_count == 3
 
+    def test_create_sfp_in_multi_thread(self):
+        DeviceDataManager.get_sfp_count = mock.MagicMock(return_value=3)
+
+        iteration_num = 100
+        while iteration_num > 0:
+            chassis = Chassis()
+            assert chassis.sfp_initialized_count == 0
+            t1 = threading.Thread(target=lambda: chassis.get_sfp(1))
+            t2 = threading.Thread(target=lambda: chassis.get_sfp(1))
+            t3 = threading.Thread(target=lambda: chassis.get_all_sfps())
+            t4 = threading.Thread(target=lambda: chassis.get_all_sfps())
+            threads = [t1, t2, t3, t4]
+            random.shuffle(threads)
+            for t in threads:
+                t.start()
+            for t in threads:
+                t.join()
+            assert len(chassis.get_all_sfps()) == 3
+            assert chassis.sfp_initialized_count == 3
+            for index, s in enumerate(chassis.get_all_sfps()):
+                assert s.sdk_index == index
+            iteration_num -= 1
+
+
     @mock.patch('sonic_platform.device_data.DeviceDataManager.get_sfp_count', MagicMock(return_value=3))
     def test_change_event(self):
         chassis = Chassis()