diff --git a/packages/flex-plugin-webpack/package.json b/packages/flex-plugin-webpack/package.json
index 9c3bf537e..060a1d7a1 100644
--- a/packages/flex-plugin-webpack/package.json
+++ b/packages/flex-plugin-webpack/package.json
@@ -66,7 +66,7 @@
     "terser-webpack-plugin": "^4.2.3",
     "ts-pnp": "^1.2.0",
     "url-loader": "^4.1.1",
-    "webpack": "^4.47.0",
+    "webpack": "^5.94.0",
     "webpack-dev-server": "^4.15.2"
   },
   "devDependencies": {