diff --git a/package.json b/package.json
index f719bf3c5a0..a63a64f03ea 100644
--- a/package.json
+++ b/package.json
@@ -88,7 +88,7 @@
     "targz": "^1.0.1",
     "through2": "^2.0.0",
     "tmp": "~0.0.28",
-    "typescript": "~1.8.10",
+    "typescript": "^3.7.4",
     "webpack": "^4.41.2"
   },
   "devEngines": {
diff --git a/scripts/jest/typescript/preprocessor.js b/scripts/jest/typescript/preprocessor.js
index f6ec9c49f1a..d14471a0e5a 100644
--- a/scripts/jest/typescript/preprocessor.js
+++ b/scripts/jest/typescript/preprocessor.js
@@ -10,29 +10,46 @@ const tsOptions = {
 };
 
 function formatErrorMessage(error) {
-  return (
-    error.file.filename +
-    '(' +
-    error.file.getLineAndCharacterOfPosition(error.start).line +
-    '): ' +
-    error.messageText
-  );
+  if (error.file) {
+    const message = ts.flattenDiagnosticMessageText(error.messageText, '\n');
+    return (
+      error.file.fileName +
+      '(' +
+      error.file.getLineAndCharacterOfPosition(error.start).line +
+      '): ' +
+      message
+    );
+  } else {
+    return ts.flattenDiagnosticMessageText(error.messageText, '\n');
+  }
 }
 
 function compile(content, contentFilename) {
   let output = null;
   const compilerHost = {
+    fileExists(filename) {
+      return ts.sys.fileExists(filename);
+    },
+    getCanonicalFileName(filename) {
+      return filename;
+    },
+    getCurrentDirectory() {
+      return '';
+    },
+    getDefaultLibFileName: () => 'lib.d.ts',
+    getNewLine: () => ts.sys.newLine,
     getSourceFile(filename, languageVersion) {
       let source;
+      const libRegex = /lib\.(.+\.)?d\.ts$/;
       const jestRegex = /jest\.d\.ts/;
       const reactRegex = /(?:React|ReactDOM|PropTypes)(?:\.d)?\.ts$/;
 
       // `path.normalize` is used to turn forward slashes in
       // the file path into backslashes on Windows.
       filename = path.normalize(filename);
-      if (filename === 'lib.d.ts') {
+      if (filename.match(libRegex)) {
         source = fs
-          .readFileSync(require.resolve('typescript/lib/lib.d.ts'))
+          .readFileSync(require.resolve('typescript/lib/' + filename))
           .toString();
       } else if (filename.match(jestRegex)) {
         source = fs.readFileSync(path.join(__dirname, 'jest.d.ts')).toString();
@@ -55,6 +72,12 @@ function compile(content, contentFilename) {
       }
       return ts.createSourceFile(filename, source, 'ES5', '0');
     },
+    readFile(filename) {
+      return ts.sys.readFile(filename);
+    },
+    useCaseSensitiveFileNames() {
+      return ts.sys.useCaseSensitiveFileNames;
+    },
     writeFile(name, text, writeByteOrderMark) {
       if (output === null) {
         output = text;
@@ -62,21 +85,6 @@ function compile(content, contentFilename) {
         throw new Error('Expected only one dependency.');
       }
     },
-    getCanonicalFileName(filename) {
-      return filename;
-    },
-    getCurrentDirectory() {
-      return '';
-    },
-    getNewLine() {
-      return '\n';
-    },
-    fileExists(filename) {
-      return ts.sys.fileExists(filename);
-    },
-    useCaseSensitiveFileNames() {
-      return ts.sys.useCaseSensitiveFileNames;
-    },
   };
   const program = ts.createProgram(
     ['lib.d.ts', 'jest.d.ts', contentFilename],
diff --git a/yarn.lock b/yarn.lock
index dd03b9952b2..2f4f3f6aa3e 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -12804,10 +12804,10 @@ typedarray@^0.0.6:
   resolved "https://registry.yarnpkg.com/typedarray/-/typedarray-0.0.6.tgz#867ac74e3864187b1d3d47d996a78ec5c8830777"
   integrity sha1-hnrHTjhkGHsdPUfZlqeOxciDB3c=
 
-typescript@~1.8.10:
-  version "1.8.10"
-  resolved "https://registry.yarnpkg.com/typescript/-/typescript-1.8.10.tgz#b475d6e0dff0bf50f296e5ca6ef9fbb5c7320f1e"
-  integrity sha1-tHXW4N/wv1DyluXKbvn7tccyDx4=
+typescript@^3.7.4:
+  version "3.7.4"
+  resolved "https://registry.yarnpkg.com/typescript/-/typescript-3.7.4.tgz#1743a5ec5fef6a1fa9f3e4708e33c81c73876c19"
+  integrity sha512-A25xv5XCtarLwXpcDNZzCGvW2D1S3/bACratYBx2sax8PefsFhlYmkQicKHvpYflFS8if4zne5zT5kpJ7pzuvw==
 
 ua-parser-js@^0.7.18, ua-parser-js@^0.7.9:
   version "0.7.20"