diff --git a/CHANGELOG.md b/CHANGELOG.md
index 092417ab3..48adf5178 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,7 @@
 # Changelog
+## v8.0.14
+* [Upgrade `chalk`, `loader-utils`, and `semver` to latest stable versions](https://github.com/TypeStrong/ts-loader/pull/1237) - thanks Avi Vahl
+
 ## v8.0.13
 * [Speed up builds by adding an in-memory cache to file path lookups](https://github.com/TypeStrong/ts-loader/pull/1228) - thanks @berickson1
 
diff --git a/package.json b/package.json
index 88d44fbd5..ad688d5c6 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "ts-loader",
-  "version": "8.0.13",
+  "version": "8.0.14",
   "description": "TypeScript loader for webpack",
   "main": "index.js",
   "types": "dist",
@@ -54,16 +54,16 @@
   },
   "homepage": "https://github.com/TypeStrong/ts-loader",
   "dependencies": {
-    "chalk": "^2.3.0",
+    "chalk": "^4.1.0",
     "enhanced-resolve": "^4.0.0",
-    "loader-utils": "^1.0.2",
+    "loader-utils": "^2.0.0",
     "micromatch": "^4.0.0",
-    "semver": "^6.0.0"
+    "semver": "^7.3.4"
   },
   "devDependencies": {
     "@types/micromatch": "^3.1.0",
     "@types/node": "*",
-    "@types/semver": "^6.0.0",
+    "@types/semver": "^7.3.4",
     "@types/webpack": "^4.4.30",
     "@typescript-eslint/eslint-plugin": "^4.0.0",
     "@typescript-eslint/parser": "^4.0.0",
diff --git a/src/instances.ts b/src/instances.ts
index ce2800382..a670e4262 100644
--- a/src/instances.ts
+++ b/src/instances.ts
@@ -1,4 +1,4 @@
-import chalk, { Chalk } from 'chalk';
+import * as chalk from 'chalk';
 import * as fs from 'fs';
 import * as path from 'path';
 import * as typescript from 'typescript';
@@ -58,7 +58,9 @@ export function getTypeScriptInstance(
     return { instance: existing };
   }
 
-  const colors = new chalk.constructor({ enabled: loaderOptions.colors });
+  const level =
+    loaderOptions.colors && chalk.supportsColor ? chalk.supportsColor.level : 0;
+  const colors = new chalk.Instance({ level });
   const log = logger.makeLogger(loaderOptions, colors);
   const compiler = getCompiler(loaderOptions, log);
 
@@ -123,7 +125,7 @@ function successfulTypeScriptInstance(
   loaderOptions: LoaderOptions,
   loader: webpack.loader.LoaderContext,
   log: logger.Logger,
-  colors: Chalk,
+  colors: chalk.Chalk,
   compiler: typeof typescript,
   compilerCompatible: boolean,
   compilerDetailsLogMessage: string
diff --git a/yarn.lock b/yarn.lock
index 0edea0a02..ea6e337a9 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -111,10 +111,10 @@
   resolved "https://registry.yarnpkg.com/@types/normalize-package-data/-/normalize-package-data-2.4.0.tgz#e486d0d97396d79beedd0a6e33f4534ff6b4973e"
   integrity sha512-f5j5b/Gf71L+dbqxIpQ4Z2WlmI/mPJ0fOkGGmFgtb6sAu97EPczzbS3/tJKxmcYDj55OX6ssqwDAWOHIYDRDGA==
 
-"@types/semver@^6.0.0":
-  version "6.0.0"
-  resolved "https://registry.yarnpkg.com/@types/semver/-/semver-6.0.0.tgz#86ba89f02a414e39c68d02b351872e4ed31bd773"
-  integrity sha512-OO0srjOGH99a4LUN2its3+r6CBYcplhJ466yLqs+zvAWgphCpS8hYZEZ797tRDP/QKcqTdb/YCN6ifASoAWkrQ==
+"@types/semver@^7.3.4":
+  version "7.3.4"
+  resolved "https://registry.yarnpkg.com/@types/semver/-/semver-7.3.4.tgz#43d7168fec6fa0988bb1a513a697b29296721afb"
+  integrity sha512-+nVsLKlcUCeMzD2ufHEYuJ9a2ovstb6Dp52A5VsoKxDXgvE051XgHI/33I1EymwkRGQkwnA0LkhnUzituGs4EQ==
 
 "@types/source-list-map@*":
   version "0.1.2"
@@ -1616,7 +1616,7 @@ chalk@^1.0.0, chalk@^1.1.3:
     strip-ansi "^3.0.0"
     supports-color "^2.0.0"
 
-chalk@^2.0.0, chalk@^2.3.0:
+chalk@^2.0.0:
   version "2.4.2"
   resolved "https://registry.yarnpkg.com/chalk/-/chalk-2.4.2.tgz#cd42541677a54333cf541a49108c1432b44c9424"
   integrity sha512-Mti+f9lpJNcwF4tWV8/OrTTtF1gZi+f8FqlyAdouralcFWFQWF2+NgCHShjkCb+IFBLq9buZwE1xckQU4peSuQ==
@@ -1634,7 +1634,7 @@ chalk@^2.0.1, chalk@^2.1.0, chalk@^2.3.1, chalk@^2.4.1:
     escape-string-regexp "^1.0.5"
     supports-color "^5.3.0"
 
-chalk@^4.0.0:
+chalk@^4.0.0, chalk@^4.1.0:
   version "4.1.0"
   resolved "https://registry.yarnpkg.com/chalk/-/chalk-4.1.0.tgz#4e14870a618d9e2edd97dd8345fd9d9dc315646a"
   integrity sha512-qwx12AxXe2Q5xQ43Ac//I6v5aXTipYrSESdOgzrN+9XjgEpyjpKuvSGaN4qE93f7TQTlerQQ8S+EQ0EyDoVL1A==
@@ -3819,6 +3819,13 @@ json5@^1.0.1:
   dependencies:
     minimist "^1.2.0"
 
+json5@^2.1.2:
+  version "2.1.3"
+  resolved "https://registry.yarnpkg.com/json5/-/json5-2.1.3.tgz#c9b0f7fa9233bfe5807fe66fcf3a5617ed597d43"
+  integrity sha512-KXPvOm8K9IJKFM0bmdn8QXh7udDh1g/giieX0NLCaMnb4hEiVFqnop2ImTXCc5e0/oHz3LTqmHGtExn5hfMkOA==
+  dependencies:
+    minimist "^1.2.5"
+
 jsonfile@^4.0.0:
   version "4.0.0"
   resolved "https://registry.yarnpkg.com/jsonfile/-/jsonfile-4.0.0.tgz#8771aae0799b64076b76640fca058f9c10e33ecb"
@@ -4064,6 +4071,15 @@ loader-utils@^1.1.0, loader-utils@^1.2.3:
     emojis-list "^3.0.0"
     json5 "^1.0.1"
 
+loader-utils@^2.0.0:
+  version "2.0.0"
+  resolved "https://registry.yarnpkg.com/loader-utils/-/loader-utils-2.0.0.tgz#e4cace5b816d425a166b5f097e10cd12b36064b0"
+  integrity sha512-rP4F0h2RaWSvPEkD7BLDFQnvSf+nK+wr3ESUjNTyAGobqrijmW92zc+SO6d4p4B1wh7+B/Jg1mkQe5NYUEHtHQ==
+  dependencies:
+    big.js "^5.2.2"
+    emojis-list "^3.0.0"
+    json5 "^2.1.2"
+
 locate-path@^2.0.0:
   version "2.0.0"
   resolved "https://registry.npmjs.org/locate-path/-/locate-path-2.0.0.tgz#2b568b265eec944c6d9c0de9c3dbbbca0354cd8e"
@@ -4176,6 +4192,13 @@ lru-cache@^5.1.1:
   dependencies:
     yallist "^3.0.2"
 
+lru-cache@^6.0.0:
+  version "6.0.0"
+  resolved "https://registry.yarnpkg.com/lru-cache/-/lru-cache-6.0.0.tgz#6d6fe6570ebd96aaf90fcad1dafa3b2566db3a94"
+  integrity sha512-Jo6dJ04CmSjuznwJSS3pUeWmd/H0ffTlkXXgwZi+eq1UCmqQwCh+eLsYOYCwY991i2Fah4h1BEMCx4qThGbsiA==
+  dependencies:
+    yallist "^4.0.0"
+
 make-dir@^1.0.0:
   version "1.3.0"
   resolved "https://registry.npmjs.org/make-dir/-/make-dir-1.3.0.tgz#79c1033b80515bd6d24ec9933e860ca75ee27f0c"
@@ -5554,20 +5577,17 @@ semver@^5.7.0:
   resolved "https://registry.yarnpkg.com/semver/-/semver-5.7.0.tgz#790a7cf6fea5459bac96110b29b60412dc8ff96b"
   integrity sha512-Ya52jSX2u7QKghxeoFGpLwCtGlt7j0oY9DYb5apt9nPlJ42ID+ulTXESnt/qAQcoSERyZ5sl3LDIOw0nAn/5DA==
 
-semver@^6.0.0:
-  version "6.0.0"
-  resolved "https://registry.yarnpkg.com/semver/-/semver-6.0.0.tgz#05e359ee571e5ad7ed641a6eec1e547ba52dea65"
-  integrity sha512-0UewU+9rFapKFnlbirLi3byoOuhrSsli/z/ihNnvM24vgF+8sNBiI1LZPBSH9wJKUwaUbw+s3hToDLCXkrghrQ==
-
 semver@^6.1.0:
   version "6.3.0"
   resolved "https://registry.yarnpkg.com/semver/-/semver-6.3.0.tgz#ee0a64c8af5e8ceea67687b133761e1becbd1d3d"
   integrity sha512-b39TBaTSfV6yBrapU89p5fKekE2m/NwnDocOVruQFS1/veMgdzuPcnOM34M6CwxW8jH/lxEa5rBoDeUwu5HHTw==
 
-semver@^7.2.1, semver@^7.3.2:
-  version "7.3.2"
-  resolved "https://registry.yarnpkg.com/semver/-/semver-7.3.2.tgz#604962b052b81ed0786aae84389ffba70ffd3938"
-  integrity sha512-OrOb32TeeambH6UrhtShmF7CRDqhL6/5XpPNp2DuRH6+9QLw/orhp72j87v8Qa1ScDkvrrBNpZcDejAirJmfXQ==
+semver@^7.2.1, semver@^7.3.2, semver@^7.3.4:
+  version "7.3.4"
+  resolved "https://registry.yarnpkg.com/semver/-/semver-7.3.4.tgz#27aaa7d2e4ca76452f98d3add093a72c943edc97"
+  integrity sha512-tCfb2WLjqFAtXn4KEdxIhalnRtoKFN7nAwj0B3ZXCbQloV2tq5eDbcTmT68JJD3nRJq24/XgxtQKFIpQdtvmVw==
+  dependencies:
+    lru-cache "^6.0.0"
 
 serialize-javascript@^3.1.0:
   version "3.1.0"
@@ -6636,6 +6656,11 @@ yallist@^3.0.2:
   resolved "https://registry.npmjs.org/yallist/-/yallist-3.1.1.tgz#dbb7daf9bfd8bac9ab45ebf602b8cbad0d5d08fd"
   integrity sha512-a4UGQaWPH59mOXUYnAG2ewncQS4i4F43Tv3JoAM+s2VDAmS9NsK8GpDMLrCHPksFT7h3K6TOoUNn2pb7RoXx4g==
 
+yallist@^4.0.0:
+  version "4.0.0"
+  resolved "https://registry.yarnpkg.com/yallist/-/yallist-4.0.0.tgz#9bb92790d9c0effec63be73519e11a35019a3a72"
+  integrity sha512-3wdGidZyq5PB084XLES5TpOSRA3wjXAlIWMhum2kRcv/41Sn2emQ0dycQW4uZXLejwKvg6EsvbdlVL+FYEct7A==
+
 yargs-parser@13.0.0, yargs-parser@^13.0.0:
   version "13.0.0"
   resolved "https://registry.yarnpkg.com/yargs-parser/-/yargs-parser-13.0.0.tgz#3fc44f3e76a8bdb1cc3602e860108602e5ccde8b"