diff --git a/packages/next/compiled/use-subscription/LICENSE b/packages/next/compiled/use-subscription/LICENSE
deleted file mode 100644
index b96dcb0480a0b..0000000000000
--- a/packages/next/compiled/use-subscription/LICENSE
+++ /dev/null
@@ -1,21 +0,0 @@
-MIT License
-
-Copyright (c) Facebook, Inc. and its affiliates.
-
-Permission is hereby granted, free of charge, to any person obtaining a copy
-of this software and associated documentation files (the "Software"), to deal
-in the Software without restriction, including without limitation the rights
-to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
-copies of the Software, and to permit persons to whom the Software is
-furnished to do so, subject to the following conditions:
-
-The above copyright notice and this permission notice shall be included in all
-copies or substantial portions of the Software.
-
-THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
-IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
-FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
-AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
-LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
-OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
-SOFTWARE.
diff --git a/packages/next/compiled/use-subscription/index.js b/packages/next/compiled/use-subscription/index.js
deleted file mode 100644
index 94087da0e39de..0000000000000
--- a/packages/next/compiled/use-subscription/index.js
+++ /dev/null
@@ -1,25 +0,0 @@
-(function(){"use strict";var e={800:function(e){
-/*
-object-assign
-(c) Sindre Sorhus
-@license MIT
-*/
-var r=Object.getOwnPropertySymbols;var t=Object.prototype.hasOwnProperty;var u=Object.prototype.propertyIsEnumerable;function toObject(e){if(e===null||e===undefined){throw new TypeError("Object.assign cannot be called with null or undefined")}return Object(e)}function shouldUseNative(){try{if(!Object.assign){return false}var e=new String("abc");e[5]="de";if(Object.getOwnPropertyNames(e)[0]==="5"){return false}var r={};for(var t=0;t<10;t++){r["_"+String.fromCharCode(t)]=t}var u=Object.getOwnPropertyNames(r).map((function(e){return r[e]}));if(u.join("")!=="0123456789"){return false}var n={};"abcdefghijklmnopqrst".split("").forEach((function(e){n[e]=e}));if(Object.keys(Object.assign({},n)).join("")!=="abcdefghijklmnopqrst"){return false}return true}catch(e){return false}}e.exports=shouldUseNative()?Object.assign:function(e,n){var a;var i=toObject(e);var s;for(var c=1;c<arguments.length;c++){a=Object(arguments[c]);for(var o in a){if(t.call(a,o)){i[o]=a[o]}}if(r){s=r(a);for(var f=0;f<s.length;f++){if(u.call(a,s[f])){i[s[f]]=a[s[f]]}}}}return i}},569:function(e,r,t){
-/** @license React vundefined
- * use-subscription.development.js
- *
- * Copyright (c) Facebook, Inc. and its affiliates.
- *
- * This source code is licensed under the MIT license found in the
- * LICENSE file in the root directory of this source tree.
- */
-if(process.env.NODE_ENV!=="production"){(function(){"use strict";var e=t(800);var u=t(522);function useSubscription(r){var t=r.getCurrentValue,n=r.subscribe;var a=u.useState((function(){return{getCurrentValue:t,subscribe:n,value:t()}})),i=a[0],s=a[1];var c=i.value;if(i.getCurrentValue!==t||i.subscribe!==n){c=t();s({getCurrentValue:t,subscribe:n,value:c})}u.useDebugValue(c);u.useEffect((function(){var r=false;var checkForUpdates=function(){if(r){return}var u=t();s((function(r){if(r.getCurrentValue!==t||r.subscribe!==n){return r}if(r.value===u){return r}return e({},r,{value:u})}))};var u=n(checkForUpdates);checkForUpdates();return function(){r=true;u()}}),[t,n]);return c}r.useSubscription=useSubscription})()}},403:function(e,r,t){
-/** @license React vundefined
- * use-subscription.production.min.js
- *
- * Copyright (c) Facebook, Inc. and its affiliates.
- *
- * This source code is licensed under the MIT license found in the
- * LICENSE file in the root directory of this source tree.
- */
-var u=t(800),n=t(522);r.useSubscription=function(e){var r=e.getCurrentValue,t=e.subscribe,a=n.useState((function(){return{getCurrentValue:r,subscribe:t,value:r()}}));e=a[0];var i=a[1];a=e.value;if(e.getCurrentValue!==r||e.subscribe!==t)a=r(),i({getCurrentValue:r,subscribe:t,value:a});n.useDebugValue(a);n.useEffect((function(){function b(){if(!e){var n=r();i((function(e){return e.getCurrentValue!==r||e.subscribe!==t||e.value===n?e:u({},e,{value:n})}))}}var e=!1,n=t(b);b();return function(){e=!0;n()}}),[r,t]);return a}},138:function(e,r,t){if(process.env.NODE_ENV==="production"){e.exports=t(403)}else{e.exports=t(569)}},522:function(e){e.exports=require("react")}};var r={};function __nccwpck_require__(t){var u=r[t];if(u!==undefined){return u.exports}var n=r[t]={exports:{}};var a=true;try{e[t](n,n.exports,__nccwpck_require__);a=false}finally{if(a)delete r[t]}return n.exports}if(typeof __nccwpck_require__!=="undefined")__nccwpck_require__.ab=__dirname+"/";var t=__nccwpck_require__(138);module.exports=t})();
\ No newline at end of file
diff --git a/packages/next/compiled/use-subscription/package.json b/packages/next/compiled/use-subscription/package.json
deleted file mode 100644
index de0860953b7a8..0000000000000
--- a/packages/next/compiled/use-subscription/package.json
+++ /dev/null
@@ -1 +0,0 @@
-{"name":"use-subscription","main":"index.js","license":"MIT"}
diff --git a/packages/next/package.json b/packages/next/package.json
index 75d9acecdb145..eaf1cc902a3db 100644
--- a/packages/next/package.json
+++ b/packages/next/package.json
@@ -72,7 +72,8 @@
     "@next/env": "12.1.7-canary.3",
     "caniuse-lite": "^1.0.30001332",
     "postcss": "8.4.5",
-    "styled-jsx": "5.0.2"
+    "styled-jsx": "5.0.2",
+    "use-sync-external-store": "1.1.0"
   },
   "peerDependencies": {
     "fibers": ">= 3.1.0",
@@ -260,7 +261,6 @@
     "tty-browserify": "0.0.1",
     "ua-parser-js": "0.7.28",
     "unistore": "3.4.1",
-    "use-subscription": "1.5.1",
     "util": "0.12.4",
     "uuid": "8.3.2",
     "vm-browserify": "1.1.2",
diff --git a/packages/next/shared/lib/loadable.js b/packages/next/shared/lib/loadable.js
index e4591e4af14a6..06df00dacf554 100644
--- a/packages/next/shared/lib/loadable.js
+++ b/packages/next/shared/lib/loadable.js
@@ -22,7 +22,8 @@ WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE
 // Modified to be compatible with webpack 4 / Next.js
 
 import React from 'react'
-import { useSubscription } from 'next/dist/compiled/use-subscription'
+import { useSyncExternalStore } from 'use-sync-external-store/shim'
+
 import { LoadableContext } from './loadable-context'
 
 const ALL_INITIALIZERS = []
@@ -75,6 +76,7 @@ function createLoadableComponent(loadFn, options) {
     opts.lazy = React.lazy(opts.loader)
   }
 
+  /** @type LoadableSubscription */
   let subscription = null
   function init() {
     if (!subscription) {
@@ -116,7 +118,12 @@ function createLoadableComponent(loadFn, options) {
     init()
 
     const context = React.useContext(LoadableContext)
-    const state = useSubscription(subscription)
+    const state = useSyncExternalStore(
+      subscription.subscribe,
+      subscription.getCurrentValue,
+      subscription.getCurrentValue
+    )
+
     React.useImperativeHandle(
       ref,
       () => ({
diff --git a/packages/next/taskfile.js b/packages/next/taskfile.js
index 3edcde3e5a6a6..58e0e94f4c8a4 100644
--- a/packages/next/taskfile.js
+++ b/packages/next/taskfile.js
@@ -306,24 +306,6 @@ export async function ncc_react_refresh_utils(task, opts) {
   }
 }
 
-// eslint-disable-next-line camelcase
-export async function ncc_use_subscription(task, opts) {
-  await task
-    .source(
-      opts.src || relative(__dirname, require.resolve('use-subscription'))
-    )
-    .ncc({
-      packageName: 'use-subscription',
-      externals: {
-        ...externals,
-        react: 'react',
-        'react-dom': 'react-dom',
-      },
-      target: 'es5',
-    })
-    .target('compiled/use-subscription')
-}
-
 // eslint-disable-next-line camelcase
 externals['chalk'] = 'next/dist/compiled/chalk'
 export async function ncc_chalk(task, opts) {
@@ -1652,7 +1634,6 @@ export async function ncc(task, opts) {
         'ncc_node_html_parser',
         'ncc_watchpack',
         'ncc_chalk',
-        'ncc_use_subscription',
         'ncc_napirs_triples',
         'ncc_etag',
         'ncc_p_limit',
diff --git a/yarn.lock b/yarn.lock
index 3cae0cb367a2f..d949c8074ba6c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -21248,12 +21248,10 @@ url@^0.11.0:
     punycode "1.3.2"
     querystring "0.2.0"
 
-use-subscription@1.5.1:
-  version "1.5.1"
-  resolved "https://registry.yarnpkg.com/use-subscription/-/use-subscription-1.5.1.tgz#73501107f02fad84c6dd57965beb0b75c68c42d1"
-  integrity sha512-Xv2a1P/yReAjAbhylMfFplFKj9GssgTwN7RlcTxBujFQcloStWNDQdc4g4NRWH9xS4i/FDk04vQBptAXoF3VcA==
-  dependencies:
-    object-assign "^4.1.1"
+use-sync-external-store@1.1.0:
+  version "1.1.0"
+  resolved "https://registry.yarnpkg.com/use-sync-external-store/-/use-sync-external-store-1.1.0.tgz#3343c3fe7f7e404db70f8c687adf5c1652d34e82"
+  integrity sha512-SEnieB2FPKEVne66NpXPd1Np4R1lTNKfjuy3XdIoPQKYBAFdzbzSZlSn1KJZUiihQLQC5Znot4SBz1EOTBwQAQ==
 
 use@^3.1.0:
   version "3.1.1"