diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7765f3c15bc..343395d4941 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -26,6 +26,9 @@
 - **(es/transforms)** Fix `this` in async arrow class properties (#3252) ([7c19e26](https://github.com/swc-project/swc/commit/7c19e26d0f41002a35c1695c259172916e578eab))
 
 
+- **(es/transforms)** Remove unsafe `new String("...")` optimization (#3284) ([162c1fe](https://github.com/swc-project/swc/commit/162c1fe047631c35f8b8105c1a40ad6728e6edff))
+
+
 - **(swc)** Remove `wrong-target` (#3251) ([0843f74](https://github.com/swc-project/swc/commit/0843f742c5db3e0a8dc2fc2767b96fe0fad76bd1))
 
 ### Documentation
diff --git a/Cargo.lock b/Cargo.lock
index 064783ad42d..6d970335c56 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -622,7 +622,7 @@ dependencies = [
 
 [[package]]
 name = "dbg-swc"
-version = "0.7.0"
+version = "0.8.0"
 dependencies = [
  "anyhow",
  "pretty_assertions 1.0.0",
@@ -2652,7 +2652,7 @@ dependencies = [
 
 [[package]]
 name = "swc"
-version = "0.114.3"
+version = "0.115.0"
 dependencies = [
  "ahash",
  "anyhow",
@@ -2706,7 +2706,7 @@ dependencies = [
 
 [[package]]
 name = "swc_bundler"
-version = "0.101.0"
+version = "0.102.0"
 dependencies = [
  "ahash",
  "anyhow",
@@ -3011,7 +3011,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_minifier"
-version = "0.68.1"
+version = "0.69.0"
 dependencies = [
  "ahash",
  "ansi_term",
@@ -3068,7 +3068,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_preset_env"
-version = "0.84.0"
+version = "0.85.0"
 dependencies = [
  "ahash",
  "anyhow",
@@ -3096,7 +3096,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms"
-version = "0.111.3"
+version = "0.112.0"
 dependencies = [
  "pretty_assertions 0.7.2",
  "sourcemap",
@@ -3218,7 +3218,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_transforms_optimization"
-version = "0.81.1"
+version = "0.82.0"
 dependencies = [
  "ahash",
  "dashmap",
@@ -3364,7 +3364,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecmascript"
-version = "0.108.4"
+version = "0.109.0"
 dependencies = [
  "swc_ecma_ast",
  "swc_ecma_codegen",
@@ -3400,7 +3400,7 @@ dependencies = [
 
 [[package]]
 name = "swc_estree_compat"
-version = "0.32.0"
+version = "0.33.0"
 dependencies = [
  "ahash",
  "anyhow",
@@ -3589,7 +3589,7 @@ dependencies = [
 
 [[package]]
 name = "swc_webpack_ast"
-version = "0.30.0"
+version = "0.31.0"
 dependencies = [
  "anyhow",
  "rayon",
diff --git a/crates/dbg-swc/Cargo.toml b/crates/dbg-swc/Cargo.toml
index c38143433fa..a9037a32362 100644
--- a/crates/dbg-swc/Cargo.toml
+++ b/crates/dbg-swc/Cargo.toml
@@ -7,7 +7,7 @@ include = ["Cargo.toml", "src/**/*.rs"]
 license = "Apache-2.0"
 name = "dbg-swc"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.7.0"
+version = "0.8.0"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
@@ -23,7 +23,7 @@ swc_ecma_codegen = {version = "0.89.0", path = "../swc_ecma_codegen"}
 swc_ecma_dep_graph = {version = "0.58.0", path = "../swc_ecma_dep_graph/"}
 swc_ecma_diff = {version = "0.6.0", path = "../swc_ecma_diff/"}
 swc_ecma_loader = {version = "0.27.0", path = "../swc_ecma_loader/", features = ["lru", "node", "tsc"]}
-swc_ecma_minifier = {version = "0.68.0", path = "../swc_ecma_minifier/"}
+swc_ecma_minifier = {version = "0.69.0", path = "../swc_ecma_minifier/"}
 swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser/"}
 swc_ecma_transforms_base = {version = "0.56.0", path = "../swc_ecma_transforms_base/"}
 swc_ecma_transforms_react = {version = "0.75.0", path = "../swc_ecma_transforms_react/"}
diff --git a/crates/swc/Cargo.toml b/crates/swc/Cargo.toml
index 67c6fdaffae..1a2b51e60f5 100644
--- a/crates/swc/Cargo.toml
+++ b/crates/swc/Cargo.toml
@@ -9,7 +9,7 @@ include = ["Cargo.toml", "src/**/*.rs"]
 license = "Apache-2.0"
 name = "swc"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.114.3"
+version = "0.115.0"
 
 [lib]
 name = "swc"
@@ -52,10 +52,10 @@ swc_ecma_codegen = {version = "0.89.0", path = "../swc_ecma_codegen"}
 swc_ecma_ext_transforms = {version = "0.49.0", path = "../swc_ecma_ext_transforms"}
 swc_ecma_lints = {version = "0.8.0", path = "../swc_ecma_lints"}
 swc_ecma_loader = {version = "0.27.0", path = "../swc_ecma_loader", features = ["lru", "node", "tsc"]}
-swc_ecma_minifier = {version = "0.68.1", path = "../swc_ecma_minifier"}
+swc_ecma_minifier = {version = "0.69.0", path = "../swc_ecma_minifier"}
 swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser"}
-swc_ecma_preset_env = {version = "0.84.0", path = "../swc_ecma_preset_env"}
-swc_ecma_transforms = {version = "0.111.3", path = "../swc_ecma_transforms", features = [
+swc_ecma_preset_env = {version = "0.85.0", path = "../swc_ecma_preset_env"}
+swc_ecma_transforms = {version = "0.112.0", path = "../swc_ecma_transforms", features = [
   "compat",
   "module",
   "optimization",
@@ -65,10 +65,10 @@ swc_ecma_transforms = {version = "0.111.3", path = "../swc_ecma_transforms", fea
 ]}
 swc_ecma_transforms_base = {version = "0.56.0", path = "../swc_ecma_transforms_base"}
 swc_ecma_transforms_compat = {version = "0.67.2", path = "../swc_ecma_transforms_compat"}
-swc_ecma_transforms_optimization = {version = "0.81.0", path = "../swc_ecma_transforms_optimization"}
+swc_ecma_transforms_optimization = {version = "0.82.0", path = "../swc_ecma_transforms_optimization"}
 swc_ecma_utils = {version = "0.63.0", path = "../swc_ecma_utils"}
 swc_ecma_visit = {version = "0.51.0", path = "../swc_ecma_visit"}
-swc_ecmascript = {version = "0.108.4", path = "../swc_ecmascript"}
+swc_ecmascript = {version = "0.109.0", path = "../swc_ecmascript"}
 swc_node_comments = {version = "0.4.0", path = "../swc_node_comments"}
 swc_plugin_runner = {version = "0.30.0", path = "../swc_plugin_runner", optional = true}
 swc_visit = {version = "0.3.0", path = "../swc_visit"}
diff --git a/crates/swc_bundler/Cargo.toml b/crates/swc_bundler/Cargo.toml
index 7d577622b57..af5a1e0384f 100644
--- a/crates/swc_bundler/Cargo.toml
+++ b/crates/swc_bundler/Cargo.toml
@@ -9,7 +9,7 @@ include = ["Cargo.toml", "build.rs", "src/**/*.rs", "src/**/*.js"]
 license = "Apache-2.0"
 name = "swc_bundler"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.101.0"
+version = "0.102.0"
 
 [package.metadata.docs.rs]
 all-features = true
@@ -47,7 +47,7 @@ swc_ecma_codegen = {version = "0.89.0", path = "../swc_ecma_codegen"}
 swc_ecma_loader = {version = "0.27.0", path = "../swc_ecma_loader"}
 swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser"}
 swc_ecma_transforms_base = {version = "0.56.0", path = "../swc_ecma_transforms_base"}
-swc_ecma_transforms_optimization = {version = "0.81.0", path = "../swc_ecma_transforms_optimization"}
+swc_ecma_transforms_optimization = {version = "0.82.0", path = "../swc_ecma_transforms_optimization"}
 swc_ecma_utils = {version = "0.63.0", path = "../swc_ecma_utils"}
 swc_ecma_visit = {version = "0.51.0", path = "../swc_ecma_visit"}
 swc_fast_graph = {version = "0.4.0", path = "../swc_fast_graph/"}
@@ -61,7 +61,7 @@ path-clean = "=0.1.0"
 reqwest = {version = "0.11.4", features = ["blocking"]}
 sha-1 = "0.9"
 swc_ecma_loader = {version = "0.27.0", path = "../swc_ecma_loader", features = ["node", "lru"]}
-swc_ecma_minifier = {version = "0.68.0", path = "../swc_ecma_minifier"}
+swc_ecma_minifier = {version = "0.69.0", path = "../swc_ecma_minifier"}
 swc_ecma_transforms_react = {version = "0.75.0", path = "../swc_ecma_transforms_react"}
 swc_ecma_transforms_typescript = {version = "0.77.0", path = "../swc_ecma_transforms_typescript"}
 swc_node_base = {version = "0.5.0", path = "../swc_node_base"}
diff --git a/crates/swc_ecma_minifier/Cargo.toml b/crates/swc_ecma_minifier/Cargo.toml
index 9c4928316e5..533a4f2d9d8 100644
--- a/crates/swc_ecma_minifier/Cargo.toml
+++ b/crates/swc_ecma_minifier/Cargo.toml
@@ -7,7 +7,7 @@ include = ["Cargo.toml", "src/**/*.rs", "src/lists/*.json"]
 license = "Apache-2.0"
 name = "swc_ecma_minifier"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.68.1"
+version = "0.69.0"
 
 [package.metadata.docs.rs]
 all-features = true
@@ -33,7 +33,7 @@ swc_common = {version = "0.17.0", path = "../swc_common"}
 swc_ecma_ast = {version = "0.65.0", path = "../swc_ecma_ast"}
 swc_ecma_codegen = {version = "0.89.0", path = "../swc_ecma_codegen"}
 swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser"}
-swc_ecma_transforms = {version = "0.111.0", path = "../swc_ecma_transforms/", features = ["optimization"]}
+swc_ecma_transforms = {version = "0.112.0", path = "../swc_ecma_transforms/", features = ["optimization"]}
 swc_ecma_transforms_base = {version = "0.56.0", path = "../swc_ecma_transforms_base"}
 swc_ecma_utils = {version = "0.63.0", path = "../swc_ecma_utils"}
 swc_ecma_visit = {version = "0.51.0", path = "../swc_ecma_visit"}
diff --git a/crates/swc_ecma_preset_env/Cargo.toml b/crates/swc_ecma_preset_env/Cargo.toml
index a9dafe49252..22e38bfe7d3 100644
--- a/crates/swc_ecma_preset_env/Cargo.toml
+++ b/crates/swc_ecma_preset_env/Cargo.toml
@@ -5,7 +5,7 @@ documentation = "https://rustdoc.swc.rs/swc_ecma_preset_env/"
 edition = "2021"
 license = "Apache-2.0"
 name = "swc_ecma_preset_env"
-version = "0.84.0"
+version = "0.85.0"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
@@ -24,7 +24,7 @@ string_enum = {version = "0.3.1", path = "../string_enum"}
 swc_atoms = {version = "0.2", path = "../swc_atoms"}
 swc_common = {version = "0.17.0", path = "../swc_common"}
 swc_ecma_ast = {version = "0.65.0", path = "../swc_ecma_ast"}
-swc_ecma_transforms = {version = "0.111.0", path = "../swc_ecma_transforms", features = ["compat", "proposal"]}
+swc_ecma_transforms = {version = "0.112.0", path = "../swc_ecma_transforms", features = ["compat", "proposal"]}
 swc_ecma_utils = {version = "0.63.0", path = "../swc_ecma_utils"}
 swc_ecma_visit = {version = "0.51.0", path = "../swc_ecma_visit"}
 walkdir = "2"
diff --git a/crates/swc_ecma_transforms/Cargo.toml b/crates/swc_ecma_transforms/Cargo.toml
index 9c0b652ac4c..271b18cd99f 100644
--- a/crates/swc_ecma_transforms/Cargo.toml
+++ b/crates/swc_ecma_transforms/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 name = "swc_ecma_transforms"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.111.3"
+version = "0.112.0"
 
 [package.metadata.docs.rs]
 all-features = true
@@ -30,7 +30,7 @@ swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser"}
 swc_ecma_transforms_base = {version = "0.56.0", path = "../swc_ecma_transforms_base"}
 swc_ecma_transforms_compat = {version = "0.67.2", path = "../swc_ecma_transforms_compat", optional = true}
 swc_ecma_transforms_module = {version = "0.73.0", path = "../swc_ecma_transforms_module", optional = true}
-swc_ecma_transforms_optimization = {version = "0.81.0", path = "../swc_ecma_transforms_optimization", optional = true}
+swc_ecma_transforms_optimization = {version = "0.82.0", path = "../swc_ecma_transforms_optimization", optional = true}
 swc_ecma_transforms_proposal = {version = "0.73.0", path = "../swc_ecma_transforms_proposal", optional = true}
 swc_ecma_transforms_react = {version = "0.75.1", path = "../swc_ecma_transforms_react", optional = true}
 swc_ecma_transforms_typescript = {version = "0.77.1", path = "../swc_ecma_transforms_typescript", optional = true}
diff --git a/crates/swc_ecma_transforms_optimization/Cargo.toml b/crates/swc_ecma_transforms_optimization/Cargo.toml
index 04624a29e6c..3fa432078d6 100644
--- a/crates/swc_ecma_transforms_optimization/Cargo.toml
+++ b/crates/swc_ecma_transforms_optimization/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 name = "swc_ecma_transforms_optimization"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.81.1"
+version = "0.82.0"
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
 [features]
diff --git a/crates/swc_ecmascript/Cargo.toml b/crates/swc_ecmascript/Cargo.toml
index 46703478e22..d27d9a328f4 100644
--- a/crates/swc_ecmascript/Cargo.toml
+++ b/crates/swc_ecmascript/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 name = "swc_ecmascript"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.108.4"
+version = "0.109.0"
 
 [package.metadata.docs.rs]
 all-features = true
@@ -36,10 +36,10 @@ typescript = ["typescript-parser", "swc_ecma_transforms/typescript"]
 swc_ecma_ast = {version = "0.65.0", path = "../swc_ecma_ast"}
 swc_ecma_codegen = {version = "0.89.0", path = "../swc_ecma_codegen", optional = true}
 swc_ecma_dep_graph = {version = "0.58.0", path = "../swc_ecma_dep_graph", optional = true}
-swc_ecma_minifier = {version = "0.68.1", path = "../swc_ecma_minifier", optional = true}
+swc_ecma_minifier = {version = "0.69.0", path = "../swc_ecma_minifier", optional = true}
 swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser", optional = true, default-features = false}
-swc_ecma_preset_env = {version = "0.84.0", path = "../swc_ecma_preset_env", optional = true}
-swc_ecma_transforms = {version = "0.111.3", path = "../swc_ecma_transforms", optional = true}
+swc_ecma_preset_env = {version = "0.85.0", path = "../swc_ecma_preset_env", optional = true}
+swc_ecma_transforms = {version = "0.112.0", path = "../swc_ecma_transforms", optional = true}
 swc_ecma_utils = {version = "0.63.0", path = "../swc_ecma_utils", optional = true}
 swc_ecma_visit = {version = "0.51.0", path = "../swc_ecma_visit", optional = true}
 
diff --git a/crates/swc_estree_compat/Cargo.toml b/crates/swc_estree_compat/Cargo.toml
index 28dba48828b..a395bafbdcd 100644
--- a/crates/swc_estree_compat/Cargo.toml
+++ b/crates/swc_estree_compat/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 name = "swc_estree_compat"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.32.0"
+version = "0.33.0"
 
 [package.metadata.docs.rs]
 all-features = true
@@ -29,9 +29,9 @@ swc_node_comments = {version = "0.4.0", path = "../swc_node_comments/"}
 
 [dev-dependencies]
 pretty_assertions = "0.7.2"
-swc = {version = "0.114.0", path = "../swc"}
+swc = {version = "0.115.0", path = "../swc"}
 swc_ecma_ast = {version = "0.65.0", path = "../swc_ecma_ast"}
 swc_ecma_parser = {version = "0.87.0", path = "../swc_ecma_parser"}
-swc_ecma_transforms = {version = "0.111.0", path = "../swc_ecma_transforms/"}
+swc_ecma_transforms = {version = "0.112.0", path = "../swc_ecma_transforms/"}
 testing = {version = "0.18.0", path = "../testing"}
 walkdir = "2"
diff --git a/crates/swc_webpack_ast/Cargo.toml b/crates/swc_webpack_ast/Cargo.toml
index 573eb6eed7a..2fbec0c2780 100644
--- a/crates/swc_webpack_ast/Cargo.toml
+++ b/crates/swc_webpack_ast/Cargo.toml
@@ -5,7 +5,7 @@ edition = "2021"
 license = "Apache-2.0"
 name = "swc_webpack_ast"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.30.0"
+version = "0.31.0"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
 
@@ -22,7 +22,7 @@ swc_ecma_transforms_base = {version = "0.56.0", path = "../swc_ecma_transforms_b
 swc_ecma_utils = {version = "0.63.0", path = "../swc_ecma_utils"}
 swc_ecma_visit = {version = "0.51.0", path = "../swc_ecma_visit"}
 swc_estree_ast = {version = "0.7.0", path = "../swc_estree_ast"}
-swc_estree_compat = {version = "0.32.0", path = "../swc_estree_compat"}
+swc_estree_compat = {version = "0.33.0", path = "../swc_estree_compat"}
 swc_timer = {version = "0.4.0", path = "../swc_timer"}
 tracing = "0.1.29"