Visual Studio Code showing “Java 11 or more recent is required to run. Please download and install a recent JDK”

Change from

"java.home": "/Library/Java/JavaVirtualMachines/adoptopenjdk-8.jdk/Contents/Home"

to

"java.home": "/Library/Java/JavaVirtualMachines/adoptopenjdk-11.jdk/Contents/Home"

and keep the rest of the settings as is.