diff --git a/packages/webpack5/package.json b/packages/webpack5/package.json
index 21ad10663..ae1d09a86 100644
--- a/packages/webpack5/package.json
+++ b/packages/webpack5/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "@nativescript/webpack",
-	"version": "5.0.0-rc.3",
+	"version": "5.0.0-rc.4",
 	"private": false,
 	"main": "dist/index.js",
 	"files": [
@@ -46,7 +46,7 @@
 		"ts-dedent": "^2.0.0",
 		"ts-loader": "^9.0.0",
 		"vue-loader": "^15.0.0",
-		"webpack": "^5.34.0",
+		"webpack": "5.50.0",
 		"webpack-bundle-analyzer": "^4.0.0",
 		"webpack-chain": "^6.0.0",
 		"webpack-cli": "^4.0.0",