diff --git a/package-lock.json b/package-lock.json
index be99928..31707c1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -33,7 +33,7 @@
         "truffle-contract-size": "^2.0.1",
         "truffle-plugin-verify": "^0.6.2",
         "typechain": "^8.1.1",
-        "typescript": "^4.9.5"
+        "typescript": "^5.0.3"
       },
       "engines": {
         "node": "18.3.0",
@@ -14376,16 +14376,16 @@
       }
     },
     "node_modules/typescript": {
-      "version": "4.9.5",
-      "resolved": "https://registry.npmjs.org/typescript/-/typescript-4.9.5.tgz",
-      "integrity": "sha512-1FXk9E2Hm+QzZQ7z+McJiHL4NW1F2EzMu9Nq9i3zAaGqibafqYwCVU6WyWAuyQRRzOlxou8xZSyXLEN8oKj24g==",
+      "version": "5.0.3",
+      "resolved": "https://registry.npmjs.org/typescript/-/typescript-5.0.3.tgz",
+      "integrity": "sha512-xv8mOEDnigb/tN9PSMTwSEqAnUvkoXMQlicOb0IUVDBSQCgBSaAAROUZYy2IcUy5qU6XajK5jjjO7TMWqBTKZA==",
       "dev": true,
       "bin": {
         "tsc": "bin/tsc",
         "tsserver": "bin/tsserver"
       },
       "engines": {
-        "node": ">=4.2.0"
+        "node": ">=12.20"
       }
     },
     "node_modules/typescript-compare": {
@@ -27099,9 +27099,9 @@
       }
     },
     "typescript": {
-      "version": "4.9.5",
-      "resolved": "https://registry.npmjs.org/typescript/-/typescript-4.9.5.tgz",
-      "integrity": "sha512-1FXk9E2Hm+QzZQ7z+McJiHL4NW1F2EzMu9Nq9i3zAaGqibafqYwCVU6WyWAuyQRRzOlxou8xZSyXLEN8oKj24g==",
+      "version": "5.0.3",
+      "resolved": "https://registry.npmjs.org/typescript/-/typescript-5.0.3.tgz",
+      "integrity": "sha512-xv8mOEDnigb/tN9PSMTwSEqAnUvkoXMQlicOb0IUVDBSQCgBSaAAROUZYy2IcUy5qU6XajK5jjjO7TMWqBTKZA==",
       "dev": true
     },
     "typescript-compare": {
diff --git a/package.json b/package.json
index e99ab4a..64edfd4 100644
--- a/package.json
+++ b/package.json
@@ -69,7 +69,7 @@
     "truffle-contract-size": "^2.0.1",
     "truffle-plugin-verify": "^0.6.2",
     "typechain": "^8.1.1",
-    "typescript": "^4.9.5"
+    "typescript": "^5.0.3"
   },
   "dependencies": {
     "postinstall": "^0.8.0"