diff --git a/api/package.json b/api/package.json
index a82fd886b88..36cde57f3c6 100644
--- a/api/package.json
+++ b/api/package.json
@@ -81,7 +81,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "unionfs": "4.4.0",
     "webpack": "4.46.0"
   },
diff --git a/experimental/backwards-compatability/node14/package.json b/experimental/backwards-compatability/node14/package.json
index f9f220569d8..c528119b1cb 100644
--- a/experimental/backwards-compatability/node14/package.json
+++ b/experimental/backwards-compatability/node14/package.json
@@ -14,7 +14,7 @@
   },
   "devDependencies": {
     "@types/node": "14.18.25",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "author": "OpenTelemetry Authors",
   "license": "Apache-2.0",
diff --git a/experimental/backwards-compatability/node16/package.json b/experimental/backwards-compatability/node16/package.json
index de23fc8687a..5af5a7168e1 100644
--- a/experimental/backwards-compatability/node16/package.json
+++ b/experimental/backwards-compatability/node16/package.json
@@ -14,7 +14,7 @@
   },
   "devDependencies": {
     "@types/node": "16.11.52",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "author": "OpenTelemetry Authors",
   "license": "Apache-2.0",
diff --git a/experimental/packages/api-events/package.json b/experimental/packages/api-events/package.json
index 90dc5be1242..a1862ad802d 100644
--- a/experimental/packages/api-events/package.json
+++ b/experimental/packages/api-events/package.json
@@ -79,7 +79,7 @@
     "nyc": "15.1.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0"
   },
   "homepage": "https://github.com/open-telemetry/opentelemetry-js/tree/main/experimental/packages/api-events",
diff --git a/experimental/packages/api-logs/package.json b/experimental/packages/api-logs/package.json
index f39128b1c70..0c46edd0326 100644
--- a/experimental/packages/api-logs/package.json
+++ b/experimental/packages/api-logs/package.json
@@ -79,7 +79,7 @@
     "nyc": "15.1.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0"
   },
   "homepage": "https://github.com/open-telemetry/opentelemetry-js/tree/main/experimental/packages/api-logs",
diff --git a/experimental/packages/exporter-trace-otlp-grpc/package.json b/experimental/packages/exporter-trace-otlp-grpc/package.json
index 529638d66f2..585dfa5e4e7 100644
--- a/experimental/packages/exporter-trace-otlp-grpc/package.json
+++ b/experimental/packages/exporter-trace-otlp-grpc/package.json
@@ -62,7 +62,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/experimental/packages/exporter-trace-otlp-http/package.json b/experimental/packages/exporter-trace-otlp-http/package.json
index 8d512c7e9ae..741cfa34727 100644
--- a/experimental/packages/exporter-trace-otlp-http/package.json
+++ b/experimental/packages/exporter-trace-otlp-http/package.json
@@ -85,7 +85,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/experimental/packages/exporter-trace-otlp-proto/package.json b/experimental/packages/exporter-trace-otlp-proto/package.json
index 6d278286954..c135ae2719a 100644
--- a/experimental/packages/exporter-trace-otlp-proto/package.json
+++ b/experimental/packages/exporter-trace-otlp-proto/package.json
@@ -75,7 +75,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/experimental/packages/opentelemetry-browser-detector/package.json b/experimental/packages/opentelemetry-browser-detector/package.json
index 80a80022569..da548beff13 100644
--- a/experimental/packages/opentelemetry-browser-detector/package.json
+++ b/experimental/packages/opentelemetry-browser-detector/package.json
@@ -64,7 +64,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/experimental/packages/opentelemetry-exporter-metrics-otlp-grpc/package.json b/experimental/packages/opentelemetry-exporter-metrics-otlp-grpc/package.json
index 1e393769ff9..7fab8dad5fc 100644
--- a/experimental/packages/opentelemetry-exporter-metrics-otlp-grpc/package.json
+++ b/experimental/packages/opentelemetry-exporter-metrics-otlp-grpc/package.json
@@ -61,7 +61,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.3.0"
diff --git a/experimental/packages/opentelemetry-exporter-metrics-otlp-http/package.json b/experimental/packages/opentelemetry-exporter-metrics-otlp-http/package.json
index 2e7f95a3679..8e802c873fa 100644
--- a/experimental/packages/opentelemetry-exporter-metrics-otlp-http/package.json
+++ b/experimental/packages/opentelemetry-exporter-metrics-otlp-http/package.json
@@ -85,7 +85,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/experimental/packages/opentelemetry-exporter-metrics-otlp-proto/package.json b/experimental/packages/opentelemetry-exporter-metrics-otlp-proto/package.json
index 74b72b1fb65..d1b52f8b9ba 100644
--- a/experimental/packages/opentelemetry-exporter-metrics-otlp-proto/package.json
+++ b/experimental/packages/opentelemetry-exporter-metrics-otlp-proto/package.json
@@ -60,7 +60,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.3.0"
diff --git a/experimental/packages/opentelemetry-exporter-prometheus/package.json b/experimental/packages/opentelemetry-exporter-prometheus/package.json
index 443a5303c70..e8c43c8d345 100644
--- a/experimental/packages/opentelemetry-exporter-prometheus/package.json
+++ b/experimental/packages/opentelemetry-exporter-prometheus/package.json
@@ -54,7 +54,7 @@
     "rimraf": "4.1.2",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.3.0"
diff --git a/experimental/packages/opentelemetry-instrumentation-fetch/package.json b/experimental/packages/opentelemetry-instrumentation-fetch/package.json
index c012f29d57e..aaa2df9df9e 100644
--- a/experimental/packages/opentelemetry-instrumentation-fetch/package.json
+++ b/experimental/packages/opentelemetry-instrumentation-fetch/package.json
@@ -78,7 +78,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/experimental/packages/opentelemetry-instrumentation-grpc/package.json b/experimental/packages/opentelemetry-instrumentation-grpc/package.json
index 8a8f5e0f892..00b07764ecb 100644
--- a/experimental/packages/opentelemetry-instrumentation-grpc/package.json
+++ b/experimental/packages/opentelemetry-instrumentation-grpc/package.json
@@ -65,7 +65,7 @@
     "semver": "7.3.5",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.3.0"
diff --git a/experimental/packages/opentelemetry-instrumentation-http/package.json b/experimental/packages/opentelemetry-instrumentation-http/package.json
index 55c3a113b74..efc74f02d57 100644
--- a/experimental/packages/opentelemetry-instrumentation-http/package.json
+++ b/experimental/packages/opentelemetry-instrumentation-http/package.json
@@ -67,7 +67,7 @@
     "sinon": "15.0.0",
     "superagent": "8.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.3.0"
diff --git a/experimental/packages/opentelemetry-instrumentation-xml-http-request/package.json b/experimental/packages/opentelemetry-instrumentation-xml-http-request/package.json
index 6464e6cfdfc..439797014af 100644
--- a/experimental/packages/opentelemetry-instrumentation-xml-http-request/package.json
+++ b/experimental/packages/opentelemetry-instrumentation-xml-http-request/package.json
@@ -78,7 +78,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/experimental/packages/opentelemetry-instrumentation/package.json b/experimental/packages/opentelemetry-instrumentation/package.json
index 150ec1976c9..264a5a64e33 100644
--- a/experimental/packages/opentelemetry-instrumentation/package.json
+++ b/experimental/packages/opentelemetry-instrumentation/package.json
@@ -101,7 +101,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/experimental/packages/opentelemetry-sdk-node/package.json b/experimental/packages/opentelemetry-sdk-node/package.json
index 1d0d4ffcdaa..551d826e2e0 100644
--- a/experimental/packages/opentelemetry-sdk-node/package.json
+++ b/experimental/packages/opentelemetry-sdk-node/package.json
@@ -75,7 +75,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "homepage": "https://github.com/open-telemetry/opentelemetry-js/tree/main/experimental/packages/opentelemetry-sdk-node",
   "sideEffects": false
diff --git a/experimental/packages/otlp-exporter-base/package.json b/experimental/packages/otlp-exporter-base/package.json
index 4be65c2965d..578aef85ade 100644
--- a/experimental/packages/otlp-exporter-base/package.json
+++ b/experimental/packages/otlp-exporter-base/package.json
@@ -76,7 +76,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/experimental/packages/otlp-grpc-exporter-base/package.json b/experimental/packages/otlp-grpc-exporter-base/package.json
index bc0c5a84ac6..5a6dce228c9 100644
--- a/experimental/packages/otlp-grpc-exporter-base/package.json
+++ b/experimental/packages/otlp-grpc-exporter-base/package.json
@@ -65,7 +65,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/experimental/packages/otlp-proto-exporter-base/package.json b/experimental/packages/otlp-proto-exporter-base/package.json
index 8a6e101b264..95d047c7d53 100644
--- a/experimental/packages/otlp-proto-exporter-base/package.json
+++ b/experimental/packages/otlp-proto-exporter-base/package.json
@@ -71,7 +71,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/experimental/packages/otlp-transformer/package.json b/experimental/packages/otlp-transformer/package.json
index af120d7b2a3..1a15490cfca 100644
--- a/experimental/packages/otlp-transformer/package.json
+++ b/experimental/packages/otlp-transformer/package.json
@@ -72,7 +72,7 @@
     "rimraf": "4.1.2",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0"
   },
   "dependencies": {
diff --git a/experimental/packages/sdk-logs/package.json b/experimental/packages/sdk-logs/package.json
index fe988951eb1..34279fe5ce6 100644
--- a/experimental/packages/sdk-logs/package.json
+++ b/experimental/packages/sdk-logs/package.json
@@ -89,7 +89,7 @@
     "rimraf": "3.0.2",
     "sinon": "14.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "dependencies": {
     "@opentelemetry/core": "^1.11.0",
diff --git a/integration-tests/propagation-validation-server/package.json b/integration-tests/propagation-validation-server/package.json
index a03c1bf6a7f..36878478a89 100644
--- a/integration-tests/propagation-validation-server/package.json
+++ b/integration-tests/propagation-validation-server/package.json
@@ -20,7 +20,7 @@
     "express": "4.17.3"
   },
   "devDependencies": {
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "engines": {
     "node": ">=14"
diff --git a/package.json b/package.json
index df63bd8fcd4..cfb408b9d32 100644
--- a/package.json
+++ b/package.json
@@ -65,7 +65,7 @@
     "typedoc": "0.22.18",
     "typedoc-plugin-missing-exports": "1.0.0",
     "typedoc-plugin-resolve-crossmodule-references": "0.2.2",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "changelog": {
     "repo": "open-telemetry/opentelemetry-js",
diff --git a/packages/opentelemetry-context-async-hooks/package.json b/packages/opentelemetry-context-async-hooks/package.json
index 32acd9c0ec8..02ad6d5dcf0 100644
--- a/packages/opentelemetry-context-async-hooks/package.json
+++ b/packages/opentelemetry-context-async-hooks/package.json
@@ -52,7 +52,7 @@
     "nyc": "15.1.0",
     "rimraf": "4.1.2",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": ">=1.0.0 <1.5.0"
diff --git a/packages/opentelemetry-context-zone-peer-dep/package.json b/packages/opentelemetry-context-zone-peer-dep/package.json
index b10bb532d2a..1c53ebdc1dc 100644
--- a/packages/opentelemetry-context-zone-peer-dep/package.json
+++ b/packages/opentelemetry-context-zone-peer-dep/package.json
@@ -75,7 +75,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "zone.js": "0.11.4"
diff --git a/packages/opentelemetry-context-zone/package.json b/packages/opentelemetry-context-zone/package.json
index 0b0ef0d7ea0..58d0a1cbc80 100644
--- a/packages/opentelemetry-context-zone/package.json
+++ b/packages/opentelemetry-context-zone/package.json
@@ -68,7 +68,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/packages/opentelemetry-core/package.json b/packages/opentelemetry-core/package.json
index 72edb109497..471b314abb9 100644
--- a/packages/opentelemetry-core/package.json
+++ b/packages/opentelemetry-core/package.json
@@ -84,7 +84,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0"
   },
   "peerDependencies": {
diff --git a/packages/opentelemetry-exporter-jaeger/package.json b/packages/opentelemetry-exporter-jaeger/package.json
index 747442e33f5..0ad6cf594bb 100644
--- a/packages/opentelemetry-exporter-jaeger/package.json
+++ b/packages/opentelemetry-exporter-jaeger/package.json
@@ -56,7 +56,7 @@
     "rimraf": "4.1.2",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": "^1.0.0"
diff --git a/packages/opentelemetry-exporter-zipkin/package.json b/packages/opentelemetry-exporter-zipkin/package.json
index d3e3ca9fdc6..d38aefe7f2b 100644
--- a/packages/opentelemetry-exporter-zipkin/package.json
+++ b/packages/opentelemetry-exporter-zipkin/package.json
@@ -82,7 +82,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/packages/opentelemetry-propagator-b3/package.json b/packages/opentelemetry-propagator-b3/package.json
index ec2e91da87a..f2bd5a5938d 100644
--- a/packages/opentelemetry-propagator-b3/package.json
+++ b/packages/opentelemetry-propagator-b3/package.json
@@ -67,7 +67,7 @@
     "rimraf": "4.1.2",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "homepage": "https://github.com/open-telemetry/opentelemetry-js/tree/main/packages/opentelemetry-propagator-b3",
   "sideEffects": false
diff --git a/packages/opentelemetry-propagator-jaeger/package.json b/packages/opentelemetry-propagator-jaeger/package.json
index 26a9c96b6ee..0e033ad627c 100644
--- a/packages/opentelemetry-propagator-jaeger/package.json
+++ b/packages/opentelemetry-propagator-jaeger/package.json
@@ -73,7 +73,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0"
   },
   "peerDependencies": {
diff --git a/packages/opentelemetry-resources/package.json b/packages/opentelemetry-resources/package.json
index 8f08ce7dd71..c27cbac3359 100644
--- a/packages/opentelemetry-resources/package.json
+++ b/packages/opentelemetry-resources/package.json
@@ -81,7 +81,7 @@
     "rimraf": "4.1.2",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/packages/opentelemetry-sdk-trace-base/package.json b/packages/opentelemetry-sdk-trace-base/package.json
index 57bd87010a8..f58ec641f17 100644
--- a/packages/opentelemetry-sdk-trace-base/package.json
+++ b/packages/opentelemetry-sdk-trace-base/package.json
@@ -85,7 +85,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0"
   },
   "peerDependencies": {
diff --git a/packages/opentelemetry-sdk-trace-node/package.json b/packages/opentelemetry-sdk-trace-node/package.json
index 1037ccf84d4..5cf55a3fe73 100644
--- a/packages/opentelemetry-sdk-trace-node/package.json
+++ b/packages/opentelemetry-sdk-trace-node/package.json
@@ -58,7 +58,7 @@
     "rimraf": "4.1.2",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": ">=1.0.0 <1.5.0"
diff --git a/packages/opentelemetry-sdk-trace-web/package.json b/packages/opentelemetry-sdk-trace-web/package.json
index 39b16b4c94f..11ad2003a32 100644
--- a/packages/opentelemetry-sdk-trace-web/package.json
+++ b/packages/opentelemetry-sdk-trace-web/package.json
@@ -82,7 +82,7 @@
     "sinon": "15.0.0",
     "ts-loader": "8.4.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4",
+    "typescript": "5.0.4",
     "webpack": "4.46.0",
     "webpack-cli": "4.9.1",
     "webpack-merge": "5.8.0"
diff --git a/packages/opentelemetry-semantic-conventions/package.json b/packages/opentelemetry-semantic-conventions/package.json
index d73b69c4a27..cc8ec0d3b37 100644
--- a/packages/opentelemetry-semantic-conventions/package.json
+++ b/packages/opentelemetry-semantic-conventions/package.json
@@ -59,7 +59,7 @@
     "rimraf": "4.1.2",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "homepage": "https://github.com/open-telemetry/opentelemetry-js/tree/main/packages/opentelemetry-semantic-conventions",
   "sideEffects": false
diff --git a/packages/opentelemetry-shim-opentracing/package.json b/packages/opentelemetry-shim-opentracing/package.json
index 71afb5cdb50..6d6920a523d 100644
--- a/packages/opentelemetry-shim-opentracing/package.json
+++ b/packages/opentelemetry-shim-opentracing/package.json
@@ -53,7 +53,7 @@
     "nyc": "15.1.0",
     "rimraf": "4.1.2",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": ">=1.0.0 <1.5.0"
diff --git a/packages/sdk-metrics/package.json b/packages/sdk-metrics/package.json
index 07d25afed7c..3e6d4351011 100644
--- a/packages/sdk-metrics/package.json
+++ b/packages/sdk-metrics/package.json
@@ -71,7 +71,7 @@
     "rimraf": "4.1.2",
     "sinon": "15.0.0",
     "ts-mocha": "10.0.0",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "peerDependencies": {
     "@opentelemetry/api": ">=1.3.0 <1.5.0"
diff --git a/packages/template/package.json b/packages/template/package.json
index c527c2702c2..5af9982a9ca 100644
--- a/packages/template/package.json
+++ b/packages/template/package.json
@@ -79,7 +79,7 @@
   ],
   "devDependencies": {
     "@types/node": "18.6.5",
-    "typescript": "4.4.4"
+    "typescript": "5.0.4"
   },
   "Add these to devDependencies for testing": {
     "@types/mocha": "9.1.1",