diff --git a/common.gypi b/common.gypi
index 3e1902fb7892bb..b68804ac668d32 100644
--- a/common.gypi
+++ b/common.gypi
@@ -36,7 +36,7 @@
 
     # Reset this number to 0 on major V8 upgrades.
     # Increment by one for each non-official patch applied to deps/v8.
-    'v8_embedder_string': '-node.10',
+    'v8_embedder_string': '-node.12',
 
     ##### V8 defaults for Node.js #####
 
diff --git a/deps/v8/test/mjsunit/regress/regress-1320641.js b/deps/v8/test/mjsunit/regress/regress-1320641.js
index 6c52c9d178606d..cc6a11be3d89db 100644
--- a/deps/v8/test/mjsunit/regress/regress-1320641.js
+++ b/deps/v8/test/mjsunit/regress/regress-1320641.js
@@ -8,9 +8,21 @@ function foo(){
   const xs = new Uint16Array(3775336418);
   return xs[-981886074];
 }
-%PrepareFunctionForOptimization(foo);
-foo();
 
-assertEquals(undefined, foo());
-%OptimizeFunctionOnNextCall(foo);
-assertEquals(undefined, foo());
+var skip = false;
+try {
+  new Uint16Array(3775336418);
+} catch (e) {
+  if (e.message.test(/Array buffer allocation failed/)) {
+    skip = true;  // We don't have enough memory, just skip the test.
+  }
+}
+
+if (!skip) {
+  %PrepareFunctionForOptimization(foo);
+  foo();
+
+  assertEquals(undefined, foo());
+  %OptimizeFunctionOnNextCall(foo);
+  assertEquals(undefined, foo());
+}