chalk 5.x requires ESM support

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Reproducible test case

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const chalk = require("chalk");
              ^

Error [ERR_REQUIRE_ESM]: require() of ES Module /Users/ernest/Developer/ts-cli/node_modules/chalk/source/index.js from /Users/ernest/Developer/ts-cli/dist/src/utils.js not supported.
Instead change the require of index.js in /Users/ernest/Developer/ts-cli/dist/src/utils.js to a dynamic import() which is available in all CommonJS modules.
    at Object.<anonymous> (/Users/ernest/Developer/ts-cli/dist/src/utils.js:14:15)
    at Object.<anonymous> (/Users/ernest/Developer/ts-cli/dist/src/index.js:4:17) {
  code: 'ERR_REQUIRE_ESM'
}

Node.js v20.5.1

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Trying suggestions from:
https://gist.github.com/sindresorhus/a39789f98801d908bbc7ff3ecc99d99c

How can I make my TypeScript project output ESM?

Read the official ESM guide.

Quick steps:

1. Make sure you are using TypeScript 4.7 or later.
2. Add "type": "module" to your package.json.
3. Replace "main": "index.js" with "exports": "./index.js" in your package.json.
4. Update the "engines" field in package.json to Node.js 16: "node": ">=16".
5. Add "module": "node16", "moduleResolution": "node16" to your tsconfig.json. (Example)
6. Use only full relative file paths for imports: import x from '.'; → import x from './index.js';.
7. Remove namespace usage and use export instead.
8. Use the node: protocol for Node.js built-in imports.
9. You must use a .js extension in relative imports even though you're importing .ts files.
10. If you use ts-node, follow ESM support: soliciting feedback TypeStrong/ts-node#1007. Example config.

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Renaming for ESM support: chalk/chalk#613

https://www.typescriptlang.org/docs/handbook/esm-node.html

however, support for ESM in Node.js is now implemented in Node.js, and the dust has begun to settle.