diff --git a/packages/js/dependency-extraction-webpack-plugin/changelog/npm-release-webpack-dependency-plugin b/packages/js/dependency-extraction-webpack-plugin/changelog/npm-release-webpack-dependency-plugin
new file mode 100644
index 00000000000..bc0f828cc8c
--- /dev/null
+++ b/packages/js/dependency-extraction-webpack-plugin/changelog/npm-release-webpack-dependency-plugin
@@ -0,0 +1,4 @@
+Significance: major
+Type: update
+
+Bump node to version 20
diff --git a/packages/js/dependency-extraction-webpack-plugin/package.json b/packages/js/dependency-extraction-webpack-plugin/package.json
index 175728b7a07..14473b640b4 100644
--- a/packages/js/dependency-extraction-webpack-plugin/package.json
+++ b/packages/js/dependency-extraction-webpack-plugin/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "@woocommerce/dependency-extraction-webpack-plugin",
-	"version": "2.3.0",
+	"version": "2.4.0",
 	"description": "WooCommerce Dependency Extraction Webpack Plugin",
 	"author": "Automattic",
 	"license": "GPL-2.0-or-later",