diff --git a/dev-packages/application-manager/package.json b/dev-packages/application-manager/package.json
index 10395fc3c408d..31d9f284c590f 100644
--- a/dev-packages/application-manager/package.json
+++ b/dev-packages/application-manager/package.json
@@ -50,7 +50,7 @@
     "source-map-support": "^0.5.19",
     "style-loader": "^2.0.0",
     "umd-compat-loader": "^2.1.2",
-    "webpack": "^5.36.2 <5.47.0",
+    "webpack": "^5.48.0",
     "webpack-cli": "4.7.0",
     "worker-loader": "^3.0.8",
     "yargs": "^15.3.1"
diff --git a/yarn.lock b/yarn.lock
index be72751dc0da2..ee76c14cfce12 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1956,6 +1956,11 @@ acorn-globals@^4.1.0:
     acorn "^6.0.1"
     acorn-walk "^6.0.1"
 
+acorn-import-assertions@^1.7.6:
+  version "1.7.6"
+  resolved "https://registry.yarnpkg.com/acorn-import-assertions/-/acorn-import-assertions-1.7.6.tgz#580e3ffcae6770eebeec76c3b9723201e9d01f78"
+  integrity sha512-FlVvVFA1TX6l3lp8VjDnYYq7R1nyW6x3svAt4nDgrWQ9SBaSh9CnbwgSUTasgfNfOG5HlM1ehugCvM+hjo56LA==
+
 acorn-jsx@^5.3.1:
   version "5.3.2"
   resolved "https://registry.yarnpkg.com/acorn-jsx/-/acorn-jsx-5.3.2.tgz#7ed5bb55908b3b2f1bc55c6af1653bada7f07937"
@@ -9463,7 +9468,7 @@ source-list-map@^0.1.7:
   resolved "https://registry.yarnpkg.com/source-list-map/-/source-list-map-0.1.8.tgz#c550b2ab5427f6b3f21f5afead88c4f5587b2106"
   integrity sha1-xVCyq1Qn9rPyH1r+rYjE9Vh7IQY=
 
-source-list-map@^2.0.0, source-list-map@^2.0.1:
+source-list-map@^2.0.0:
   version "2.0.1"
   resolved "https://registry.yarnpkg.com/source-list-map/-/source-list-map-2.0.1.tgz#3993bd873bfc48479cca9ea3a547835c7c154b34"
   integrity sha512-qnQ7gVMxGNxsiL4lEuJwe/To8UnK7fAnmbGEEH8RpLouuKbeEm0lhbQVFIrNSuB+G7tVrAlVsZgETT5nljf+Iw==
@@ -10787,18 +10792,15 @@ webpack-sources@^1.0.1:
     source-list-map "^2.0.0"
     source-map "~0.6.1"
 
-webpack-sources@^2.3.1:
-  version "2.3.1"
-  resolved "https://registry.yarnpkg.com/webpack-sources/-/webpack-sources-2.3.1.tgz#570de0af163949fe272233c2cefe1b56f74511fd"
-  integrity sha512-y9EI9AO42JjEcrTJFOYmVywVZdKVUfOvDUPsJea5GIr1JOEGFVqwlY2K098fFoIjOkDzHn2AjRvM8dsBZu+gCA==
-  dependencies:
-    source-list-map "^2.0.1"
-    source-map "^0.6.1"
+webpack-sources@^3.2.0:
+  version "3.2.0"
+  resolved "https://registry.yarnpkg.com/webpack-sources/-/webpack-sources-3.2.0.tgz#b16973bcf844ebcdb3afde32eda1c04d0b90f89d"
+  integrity sha512-fahN08Et7P9trej8xz/Z7eRu8ltyiygEo/hnRi9KqBUs80KeDcnf96ZJo++ewWd84fEf3xSX9bp4ZS9hbw0OBw==
 
-"webpack@^5.36.2 <5.47.0":
-  version "5.46.0"
-  resolved "https://registry.yarnpkg.com/webpack/-/webpack-5.46.0.tgz#105d20d96f79db59b316b0ae54316f0f630314b5"
-  integrity sha512-qxD0t/KTedJbpcXUmvMxY5PUvXDbF8LsThCzqomeGaDlCA6k998D8yYVwZMvO8sSM3BTEOaD4uzFniwpHaTIJw==
+webpack@^5.48.0:
+  version "5.48.0"
+  resolved "https://registry.yarnpkg.com/webpack/-/webpack-5.48.0.tgz#06180fef9767a6fd066889559a4c4d49bee19b83"
+  integrity sha512-CGe+nfbHrYzbk7SKoYITCgN3LRAG0yVddjNUecz9uugo1QtYdiyrVD8nP1PhkNqPfdxC2hknmmKpP355Epyn6A==
   dependencies:
     "@types/eslint-scope" "^3.7.0"
     "@types/estree" "^0.0.50"
@@ -10806,6 +10808,7 @@ webpack-sources@^2.3.1:
     "@webassemblyjs/wasm-edit" "1.11.1"
     "@webassemblyjs/wasm-parser" "1.11.1"
     acorn "^8.4.1"
+    acorn-import-assertions "^1.7.6"
     browserslist "^4.14.5"
     chrome-trace-event "^1.0.2"
     enhanced-resolve "^5.8.0"
@@ -10822,7 +10825,7 @@ webpack-sources@^2.3.1:
     tapable "^2.1.1"
     terser-webpack-plugin "^5.1.3"
     watchpack "^2.2.0"
-    webpack-sources "^2.3.1"
+    webpack-sources "^3.2.0"
 
 whatwg-encoding@^1.0.1, whatwg-encoding@^1.0.3:
   version "1.0.5"