diff --git a/e2e/js/src/js-ts-solution.test.ts b/e2e/js/src/js-ts-solution.test.ts
index b7211a6c9b..ebd1283d53 100644
--- a/e2e/js/src/js-ts-solution.test.ts
+++ b/e2e/js/src/js-ts-solution.test.ts
@@ -115,36 +115,36 @@ ${content}`
 
     // check build
     expect(runCLI(`build ${esbuildParentLib}`)).toContain(
-      `Successfully ran target build for project @proj/${esbuildParentLib} and 5 tasks it depends on`
+      `Successfully ran target build for project @proj/${esbuildParentLib}`
     );
     expect(runCLI(`build ${rollupParentLib}`)).toContain(
-      `Successfully ran target build for project @proj/${rollupParentLib} and 5 tasks it depends on`
+      `Successfully ran target build for project @proj/${rollupParentLib}`
     );
     expect(runCLI(`build ${swcParentLib}`)).toContain(
-      `Successfully ran target build for project @proj/${swcParentLib} and 5 tasks it depends on`
+      `Successfully ran target build for project @proj/${swcParentLib}`
     );
     expect(runCLI(`build ${tscParentLib}`)).toContain(
-      `Successfully ran target build for project @proj/${tscParentLib} and 5 tasks it depends on`
+      `Successfully ran target build for project @proj/${tscParentLib}`
     );
     expect(runCLI(`build ${viteParentLib}`)).toContain(
-      `Successfully ran target build for project @proj/${viteParentLib} and 5 tasks it depends on`
+      `Successfully ran target build for project @proj/${viteParentLib}`
     );
 
     // check typecheck
     expect(runCLI(`typecheck ${esbuildParentLib}`)).toContain(
-      `Successfully ran target typecheck for project @proj/${esbuildParentLib} and 5 tasks it depends on`
+      `Successfully ran target typecheck for project @proj/${esbuildParentLib}`
     );
     expect(runCLI(`typecheck ${rollupParentLib}`)).toContain(
-      `Successfully ran target typecheck for project @proj/${rollupParentLib} and 5 tasks it depends on`
+      `Successfully ran target typecheck for project @proj/${rollupParentLib}`
     );
     expect(runCLI(`typecheck ${swcParentLib}`)).toContain(
-      `Successfully ran target typecheck for project @proj/${swcParentLib} and 5 tasks it depends on`
+      `Successfully ran target typecheck for project @proj/${swcParentLib}`
     );
     expect(runCLI(`typecheck ${tscParentLib}`)).toContain(
-      `Successfully ran target typecheck for project @proj/${tscParentLib} and 5 tasks it depends on`
+      `Successfully ran target typecheck for project @proj/${tscParentLib}`
     );
     expect(runCLI(`typecheck ${viteParentLib}`)).toContain(
-      `Successfully ran target typecheck for project @proj/${viteParentLib} and 5 tasks it depends on`
+      `Successfully ran target typecheck for project @proj/${viteParentLib}`
     );
 
     // check lint
diff --git a/e2e/vite/src/vite-ts-solution.test.ts b/e2e/vite/src/vite-ts-solution.test.ts
index ae74cbde8d..6db41d52d2 100644
--- a/e2e/vite/src/vite-ts-solution.test.ts
+++ b/e2e/vite/src/vite-ts-solution.test.ts
@@ -101,12 +101,12 @@ ${content}`
 
     // check build
     expect(runCLI(`build ${reactApp}`)).toContain(
-      `Successfully ran target build for project @proj/${reactApp} and 5 tasks it depends on`
+      `Successfully ran target build for project @proj/${reactApp}`
     );
 
     // check typecheck
     expect(runCLI(`typecheck ${reactApp}`)).toContain(
-      `Successfully ran target typecheck for project @proj/${reactApp} and 6 tasks it depends on`
+      `Successfully ran target typecheck for project @proj/${reactApp}`
     );
   }, 300_000);
 });
diff --git a/packages/js/src/plugins/typescript/plugin.spec.ts b/packages/js/src/plugins/typescript/plugin.spec.ts
index 3a49e7d38d..91b42cb2dc 100644
--- a/packages/js/src/plugins/typescript/plugin.spec.ts
+++ b/packages/js/src/plugins/typescript/plugin.spec.ts
@@ -782,7 +782,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -853,7 +854,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -928,7 +930,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1003,7 +1006,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1083,7 +1087,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1158,7 +1163,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1240,7 +1246,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1348,8 +1355,10 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
-                      "{projectRoot}/cypress/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
+                      "{projectRoot}/cypress/dist/**/*.d.ts",
+                      "{projectRoot}/cypress/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1395,7 +1404,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib/nested-project",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1492,7 +1502,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1882,7 +1893,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{workspaceRoot}/dist/libs/my-lib",
+                      "{workspaceRoot}/dist/libs/my-lib/**/*.d.ts",
+                      "{workspaceRoot}/dist/libs/my-lib/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -1964,6 +1976,7 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                     "cache": true,
                     "command": "tsc --build --emitDeclarationOnly",
                     "dependsOn": [
+                      "build",
                       "^typecheck",
                     ],
                     "inputs": [
@@ -1993,7 +2006,7 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/out-tsc/my-lib",
+                      "{projectRoot}/out-tsc/my-lib/**/*.d.ts",
                       "{projectRoot}/out-tsc/*.tsbuildinfo",
                     ],
                     "syncGenerators": [
@@ -2171,8 +2184,10 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "{workspaceRoot}/dist/libs/my-lib/lib.d.ts",
                       "{workspaceRoot}/dist/libs/my-lib/lib.d.ts.map",
                       "{workspaceRoot}/dist/libs/my-lib/lib.tsbuildinfo",
-                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/specs",
-                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/cypress",
+                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/specs/**/*.d.ts",
+                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/specs/tsconfig.tsbuildinfo",
+                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/cypress/**/*.d.ts",
+                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/cypress/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -2216,7 +2231,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib/nested-project",
                     },
                     "outputs": [
-                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/nested-project",
+                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/nested-project/**/*.d.ts",
+                      "{workspaceRoot}/dist/out-tsc/libs/my-lib/nested-project/tsconfig.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
@@ -2424,7 +2440,7 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
                       "{projectRoot}/my-lib.tsbuildinfo",
                     ],
                     "syncGenerators": [
@@ -2490,7 +2506,8 @@ describe(`Plugin: ${PLUGIN_NAME}`, () => {
                       "cwd": "libs/my-lib",
                     },
                     "outputs": [
-                      "{projectRoot}/dist",
+                      "{projectRoot}/dist/**/*.d.ts",
+                      "{projectRoot}/dist/my-lib.tsbuildinfo",
                     ],
                     "syncGenerators": [
                       "@nx/js:typescript-sync",
diff --git a/packages/js/src/plugins/typescript/plugin.ts b/packages/js/src/plugins/typescript/plugin.ts
index c54d921a9f..5e61a7d303 100644
--- a/packages/js/src/plugins/typescript/plugin.ts
+++ b/packages/js/src/plugins/typescript/plugin.ts
@@ -322,7 +322,7 @@ async function getConfigFileHash(
     ...(packageJson ? [hashObject(packageJson)] : []),
     // change this to bust the cache when making changes that would yield
     // different results for the same hash
-    hashObject({ bust: 1 }),
+    hashObject({ bust: 2 }),
   ]);
 }
 
@@ -415,8 +415,30 @@ function buildTscTargets(
         command = `echo "The 'typecheck' target is disabled because one or more project references set 'noEmit: true' in their tsconfig. Remove this property to resolve this issue."`;
       }
 
+      const dependsOn: string[] = [`^${targetName}`];
+      if (options.build && targets[options.build.targetName]) {
+        // we already processed and have a build target
+        dependsOn.unshift(options.build.targetName);
+      } else if (options.build) {
+        // check if the project will have a build target
+        const buildConfigPath = joinPathFragments(
+          projectRoot,
+          options.build.configName
+        );
+        if (
+          context.configFiles.some((f) => f === buildConfigPath) &&
+          isValidPackageJsonBuildConfig(
+            retrieveTsConfigFromCache(buildConfigPath, context.workspaceRoot),
+            context.workspaceRoot,
+            projectRoot
+          )
+        ) {
+          dependsOn.unshift(options.build.targetName);
+        }
+      }
+
       targets[targetName] = {
-        dependsOn: [`^${targetName}`],
+        dependsOn,
         command,
         options: { cwd: projectRoot },
         cache: true,
@@ -433,7 +455,8 @@ function buildTscTargets(
           tsConfig,
           internalProjectReferences,
           context.workspaceRoot,
-          projectRoot
+          projectRoot,
+          /* emitDeclarationOnly */ true
         ),
         syncGenerators: ['@nx/js:typescript-sync'],
         metadata: {
@@ -483,7 +506,9 @@ function buildTscTargets(
         tsConfig,
         internalProjectReferences,
         context.workspaceRoot,
-        projectRoot
+        projectRoot,
+        // should be false for build target, but providing it just in case is set to true
+        tsConfig.options.emitDeclarationOnly
       ),
       syncGenerators: ['@nx/js:typescript-sync'],
       metadata: {
@@ -685,7 +710,8 @@ function getOutputs(
   tsConfig: ParsedTsconfigData,
   internalProjectReferences: Record<string, ParsedTsconfigData>,
   workspaceRoot: string,
-  projectRoot: string
+  projectRoot: string,
+  emitDeclarationOnly: boolean
 ): string[] {
   const outputs = new Set<string>();
 
@@ -738,12 +764,32 @@ function getOutputs(
             )
       );
     } else if (config.options.outDir) {
-      outputs.add(
-        pathToInputOrOutput(config.options.outDir, workspaceRoot, projectRoot)
-      );
+      if (emitDeclarationOnly) {
+        outputs.add(
+          pathToInputOrOutput(
+            joinPathFragments(config.options.outDir, '**/*.d.ts'),
+            workspaceRoot,
+            projectRoot
+          )
+        );
+        if (tsConfig.options.declarationMap) {
+          outputs.add(
+            pathToInputOrOutput(
+              joinPathFragments(config.options.outDir, '**/*.d.ts.map'),
+              workspaceRoot,
+              projectRoot
+            )
+          );
+        }
+      } else {
+        outputs.add(
+          pathToInputOrOutput(config.options.outDir, workspaceRoot, projectRoot)
+        );
+      }
 
       if (config.options.tsBuildInfoFile) {
         if (
+          emitDeclarationOnly ||
           !normalize(config.options.tsBuildInfoFile).startsWith(
             `${normalize(config.options.outDir)}${sep}`
           )
@@ -774,6 +820,16 @@ function getOutputs(
             projectRoot
           )
         );
+      } else if (emitDeclarationOnly) {
+        // https://www.typescriptlang.org/tsconfig#tsBuildInfoFile
+        const name = basename(configFilePath, '.json');
+        outputs.add(
+          pathToInputOrOutput(
+            joinPathFragments(config.options.outDir, `${name}.tsbuildinfo`),
+            workspaceRoot,
+            projectRoot
+          )
+        );
       }
     } else if (
       config.raw?.include?.length ||