diff --git a/.idea/externalDependencies.xml b/.idea/externalDependencies.xml
index 91e2a9ec24b8..6bb5dfb44b99 100644
--- a/.idea/externalDependencies.xml
+++ b/.idea/externalDependencies.xml
@@ -4,7 +4,7 @@
     <plugin id="DevKit" />
     <plugin id="Git4Idea" />
     <plugin id="JUnit" />
-    <plugin id="com.intellij" min-version="192.5728.98" />
+    <plugin id="com.intellij" min-version="201.0" />
     <plugin id="com.intellij.copyright" />
     <plugin id="com.intellij.java-i18n" />
     <plugin id="com.intellij.properties" />
diff --git a/README.md b/README.md
index 8ce16581b169..c4ef36f65266 100644
--- a/README.md
+++ b/README.md
@@ -29,7 +29,7 @@ run one of the `getPlugins` scripts located in the `<IDEA_HOME>` directory. Thes
 _**Note:**_ Always `git checkout` the `intellij-community` and `android` Git repositories to the same branches/tags. 
 
 ## Building IntelliJ Community Edition
-Version 2018.2 or newer of IntelliJ IDEA Community Edition or IntelliJ IDEA Ultimate Edition is required to build and develop
+Version 2020.1 or newer of IntelliJ IDEA Community Edition or IntelliJ IDEA Ultimate Edition is required to build and develop
 for the IntelliJ Platform.
 
 ### Opening the IntelliJ Source Code for Build