diff --git a/packages/monaco-editor/package.json b/packages/monaco-editor/package.json
index 682a55bde691d..d37dd4aa09489 100644
--- a/packages/monaco-editor/package.json
+++ b/packages/monaco-editor/package.json
@@ -17,7 +17,7 @@
   },
   "devDependencies": {
     "@fluentui/eslint-plugin": "*",
-    "monaco-editor": "0.33.0",
+    "monaco-editor": "0.54.0",
     "@fluentui/scripts-tasks": "*"
   },
   "dependencies": {
diff --git a/yarn.lock b/yarn.lock
index 9b13e0053aaf2..f66b28a177833 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -9675,6 +9675,11 @@ domhandler@^4.0.0, domhandler@^4.2.0:
   dependencies:
     domelementtype "^2.2.0"
 
+dompurify@3.1.7:
+  version "3.1.7"
+  resolved "https://registry.yarnpkg.com/dompurify/-/dompurify-3.1.7.tgz#711a8c96479fb6ced93453732c160c3c72418a6a"
+  integrity sha512-VaTstWtsneJY8xzy7DekmYWEOZcmzIe3Qb3zPd4STve1OBTa+e+WmS1ITQec1fZYXI3HCsOZZiSMpG6oxoWMWQ==
+
 domutils@^2.0.0, domutils@^2.5.2, domutils@^2.6.0:
   version "2.7.0"
   resolved "https://registry.yarnpkg.com/domutils/-/domutils-2.7.0.tgz#8ebaf0c41ebafcf55b0b72ec31c56323712c5442"
@@ -15268,6 +15273,11 @@ marked-terminal@^4.1.0:
     node-emoji "^1.10.0"
     supports-hyperlinks "^2.1.0"
 
+marked@14.0.0:
+  version "14.0.0"
+  resolved "https://registry.yarnpkg.com/marked/-/marked-14.0.0.tgz#79a1477358a59e0660276f8fec76de2c33f35d83"
+  integrity sha512-uIj4+faQ+MgHgwUW1l2PsPglZLOLOT1uErt06dAPtx2kjteLAkbsd/0FiYg/MGS+i7ZKLb7w2WClxHkzOOuryQ==
+
 marked@^4.0.12:
   version "4.0.12"
   resolved "https://registry.yarnpkg.com/marked/-/marked-4.0.12.tgz#2262a4e6fd1afd2f13557726238b69a48b982f7d"
@@ -16141,10 +16151,13 @@ moment@^2.22.1:
   resolved "https://registry.yarnpkg.com/moment/-/moment-2.29.4.tgz#3dbe052889fe7c1b2ed966fcb3a77328964ef108"
   integrity sha512-5LC9SOxjSc2HF6vO2CyuTDNivEdoz2IvyJJGj6X8DJ0eFyfszE0QiEd+iXmBvUP3WHxSjFH/vIsA0EN00cgr8w==
 
-monaco-editor@0.33.0:
-  version "0.33.0"
-  resolved "https://registry.yarnpkg.com/monaco-editor/-/monaco-editor-0.33.0.tgz#842e244f3750a2482f8a29c676b5684e75ff34af"
-  integrity sha512-VcRWPSLIUEgQJQIE0pVT8FcGBIgFoxz7jtqctE+IiCxWugD0DwgyQBcZBhdSrdMC84eumoqMZsGl2GTreOzwqw==
+monaco-editor@0.54.0:
+  version "0.54.0"
+  resolved "https://registry.yarnpkg.com/monaco-editor/-/monaco-editor-0.54.0.tgz#c0d6ebb46b83f1bef6f67f6aa471e38ba7ef8231"
+  integrity sha512-hx45SEUoLatgWxHKCmlLJH81xBo0uXP4sRkESUpmDQevfi+e7K1VuiSprK6UpQ8u4zOcKNiH0pMvHvlMWA/4cw==
+  dependencies:
+    dompurify "3.1.7"
+    marked "14.0.0"
 
 monosize-bundler-webpack@0.1.6:
   version "0.1.6"
@@ -19751,7 +19764,7 @@ string-length@^5.0.1:
     char-regex "^2.0.0"
     strip-ansi "^7.0.1"
 
-"string-width-cjs@npm:string-width@^4.2.0", string-width@^4.1.0, string-width@^4.2.0, string-width@^4.2.3:
+"string-width-cjs@npm:string-width@^4.2.0":
   version "4.2.3"
   resolved "https://registry.yarnpkg.com/string-width/-/string-width-4.2.3.tgz#269c7117d27b05ad2e536830a8ec895ef9c6d010"
   integrity sha512-wKyQRQpjJ0sIp62ErSZdGsjMJWsap5oRNihHhu6G7JVO/9jIB6UyevL+tXuOqrng8j/cxKTWyWUwvSTriiZz/g==
@@ -19786,6 +19799,15 @@ string-width@^3.0.0, string-width@^3.1.0:
     is-fullwidth-code-point "^2.0.0"
     strip-ansi "^5.1.0"
 
+string-width@^4.1.0, string-width@^4.2.0, string-width@^4.2.3:
+  version "4.2.3"
+  resolved "https://registry.yarnpkg.com/string-width/-/string-width-4.2.3.tgz#269c7117d27b05ad2e536830a8ec895ef9c6d010"
+  integrity sha512-wKyQRQpjJ0sIp62ErSZdGsjMJWsap5oRNihHhu6G7JVO/9jIB6UyevL+tXuOqrng8j/cxKTWyWUwvSTriiZz/g==
+  dependencies:
+    emoji-regex "^8.0.0"
+    is-fullwidth-code-point "^3.0.0"
+    strip-ansi "^6.0.1"
+
 string-width@^5.0.1, string-width@^5.1.2:
   version "5.1.2"
   resolved "https://registry.yarnpkg.com/string-width/-/string-width-5.1.2.tgz#14f8daec6d81e7221d2a357e668cab73bdbca794"
@@ -19887,7 +19909,7 @@ stringify-object@^3.3.0:
     is-obj "^1.0.1"
     is-regexp "^1.0.0"
 
-"strip-ansi-cjs@npm:strip-ansi@^6.0.1", strip-ansi@^6.0.0, strip-ansi@^6.0.1:
+"strip-ansi-cjs@npm:strip-ansi@^6.0.1":
   version "6.0.1"
   resolved "https://registry.yarnpkg.com/strip-ansi/-/strip-ansi-6.0.1.tgz#9e26c63d30f53443e9489495b2105d37b67a85d9"
   integrity sha512-Y38VPSHcqkFrCpFnQ9vuSXmquuv5oXOKpGeT6aGrr3o3Gc9AlVa6JBfUSOCnbxGGZF+/0ooI7KrPuUSztUdU5A==
@@ -19922,6 +19944,13 @@ strip-ansi@^5.0.0, strip-ansi@^5.1.0, strip-ansi@^5.2.0:
   dependencies:
     ansi-regex "^4.1.0"
 
+strip-ansi@^6.0.0, strip-ansi@^6.0.1:
+  version "6.0.1"
+  resolved "https://registry.yarnpkg.com/strip-ansi/-/strip-ansi-6.0.1.tgz#9e26c63d30f53443e9489495b2105d37b67a85d9"
+  integrity sha512-Y38VPSHcqkFrCpFnQ9vuSXmquuv5oXOKpGeT6aGrr3o3Gc9AlVa6JBfUSOCnbxGGZF+/0ooI7KrPuUSztUdU5A==
+  dependencies:
+    ansi-regex "^5.0.1"
+
 strip-ansi@^7.0.1, strip-ansi@^7.1.0:
   version "7.1.0"
   resolved "https://registry.yarnpkg.com/strip-ansi/-/strip-ansi-7.1.0.tgz#d5b6568ca689d8561370b0707685d22434faff45"
@@ -21986,7 +22015,7 @@ workspace-tools@^0.27.0:
     js-yaml "^4.1.0"
     micromatch "^4.0.0"
 
-"wrap-ansi-cjs@npm:wrap-ansi@^7.0.0", wrap-ansi@^7.0.0:
+"wrap-ansi-cjs@npm:wrap-ansi@^7.0.0":
   version "7.0.0"
   resolved "https://registry.yarnpkg.com/wrap-ansi/-/wrap-ansi-7.0.0.tgz#67e145cff510a6a6984bdf1152911d69d2eb9e43"
   integrity sha512-YVGIj2kamLSTxw6NsZjoBxfSwsn0ycdesmc4p+Q21c5zPuZ1pl+NfxVdxPtdHvmNVOQ6XSYG4AUtyt/Fi7D16Q==
@@ -22021,6 +22050,15 @@ wrap-ansi@^6.2.0:
     string-width "^4.1.0"
     strip-ansi "^6.0.0"
 
+wrap-ansi@^7.0.0:
+  version "7.0.0"
+  resolved "https://registry.yarnpkg.com/wrap-ansi/-/wrap-ansi-7.0.0.tgz#67e145cff510a6a6984bdf1152911d69d2eb9e43"
+  integrity sha512-YVGIj2kamLSTxw6NsZjoBxfSwsn0ycdesmc4p+Q21c5zPuZ1pl+NfxVdxPtdHvmNVOQ6XSYG4AUtyt/Fi7D16Q==
+  dependencies:
+    ansi-styles "^4.0.0"
+    string-width "^4.1.0"
+    strip-ansi "^6.0.0"
+
 wrap-ansi@^8.1.0:
   version "8.1.0"
   resolved "https://registry.yarnpkg.com/wrap-ansi/-/wrap-ansi-8.1.0.tgz#56dc22368ee570face1b49819975d9b9a5ead214"