diff --git a/packages/ngtools/webpack/package.json b/packages/ngtools/webpack/package.json
index f102983979ff..256f9a8f3119 100644
--- a/packages/ngtools/webpack/package.json
+++ b/packages/ngtools/webpack/package.json
@@ -25,14 +25,14 @@
   },
   "peerDependencies": {
     "@angular/compiler-cli": "^12.0.0 || ^12.1.0-next",
-    "typescript": "~4.2.3",
+    "typescript": "~4.2.3 || ~4.3.2",
     "webpack": "^5.30.0"
   },
   "devDependencies": {
     "@angular-devkit/core": "0.0.0",
     "@angular/compiler": "12.0.4",
     "@angular/compiler-cli": "12.0.4",
-    "typescript": "4.2.4",
+    "typescript": "4.3.2",
     "webpack": "5.38.1"
   }
 }
diff --git a/packages/ngtools/webpack/src/transformers/replace_resources_spec.ts b/packages/ngtools/webpack/src/transformers/replace_resources_spec.ts
index 84ed2ae384f7..1c340e2a69fd 100644
--- a/packages/ngtools/webpack/src/transformers/replace_resources_spec.ts
+++ b/packages/ngtools/webpack/src/transformers/replace_resources_spec.ts
@@ -16,7 +16,7 @@ function transform(
   shouldTransform = true,
   directTemplateLoading = true,
   importHelpers = true,
-  module: ts.ModuleKind = ts.ModuleKind.ESNext,
+  module: ts.ModuleKind = ts.ModuleKind.ES2020,
   inlineStyleMimeType?: string,
 ) {
   const { program, compilerHost } = createTypescriptContext(input, undefined, undefined, {
diff --git a/packages/ngtools/webpack/src/transformers/spec_helpers.ts b/packages/ngtools/webpack/src/transformers/spec_helpers.ts
index 7ca76475657c..9fea6da3b10b 100644
--- a/packages/ngtools/webpack/src/transformers/spec_helpers.ts
+++ b/packages/ngtools/webpack/src/transformers/spec_helpers.ts
@@ -26,8 +26,8 @@ export function createTypescriptContext(
     allowJs: true,
     newLine: ts.NewLineKind.LineFeed,
     moduleResolution: ts.ModuleResolutionKind.NodeJs,
-    module: ts.ModuleKind.ESNext,
-    target: ts.ScriptTarget.ESNext,
+    module: ts.ModuleKind.ES2020,
+    target: ts.ScriptTarget.ES2020,
     skipLibCheck: true,
     sourceMap: false,
     importHelpers: true,
diff --git a/yarn.lock b/yarn.lock
index 013d8daee6e4..a83a7770fbaa 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -86,7 +86,7 @@
 
 "@angular/dev-infra-private@https://github.com/angular/dev-infra-private-builds.git#941d67490391ab1a385796fd34e588f7416e3ebb":
   version "0.0.0"
-  resolved "https://github.com/angular/dev-infra-private-builds.git#b945d698497fe2d412f209641cf69fde54276f5d"
+  resolved "https://github.com/angular/dev-infra-private-builds.git#7308e71916da94b51a9b558693c49a04bfc98beb"
   dependencies:
     "@angular/benchpress" "0.2.1"
     "@bazel/buildifier" "^4.0.1"
@@ -11781,7 +11781,7 @@ typescript@4.2.4:
   resolved "https://registry.yarnpkg.com/typescript/-/typescript-4.2.4.tgz#8610b59747de028fda898a8aef0e103f156d0961"
   integrity sha512-V+evlYHZnQkaz8TRBuxTA92yZBPotr5H+WhQ7bD3hZUndx5tGOa1fuCgeSjxAzM1RiN5IzvadIXTVefuuwZCRg==
 
-typescript@~4.3.2:
+typescript@4.3.2, typescript@~4.3.2:
   version "4.3.2"
   resolved "https://registry.yarnpkg.com/typescript/-/typescript-4.3.2.tgz#399ab18aac45802d6f2498de5054fcbbe716a805"
   integrity sha512-zZ4hShnmnoVnAHpVHWpTcxdv7dWP60S2FsydQLV8V5PbS3FifjWFFRiHSWpDJahly88PRyV5teTSLoq4eG7mKw==