diff --git a/packages/react-docgen/src/handlers/__tests__/__snapshots__/codeTypeHandler-test.ts.snap b/packages/react-docgen/src/handlers/__tests__/__snapshots__/codeTypeHandler-test.ts.snap
index 58dfd645a8c..feb9fe95148 100644
--- a/packages/react-docgen/src/handlers/__tests__/__snapshots__/codeTypeHandler-test.ts.snap
+++ b/packages/react-docgen/src/handlers/__tests__/__snapshots__/codeTypeHandler-test.ts.snap
@@ -1655,7 +1655,7 @@ exports[`codeTypeHandler > stateless TS component and variable type takes preced
     "description": "",
     "required": true,
     "tsType": {
-      "name": "string",
+      "name": "number | string",
     },
   },
 }
diff --git a/packages/react-docgen/src/handlers/__tests__/codeTypeHandler-test.ts b/packages/react-docgen/src/handlers/__tests__/codeTypeHandler-test.ts
index 3bdfb497269..2f910688709 100644
--- a/packages/react-docgen/src/handlers/__tests__/codeTypeHandler-test.ts
+++ b/packages/react-docgen/src/handlers/__tests__/codeTypeHandler-test.ts
@@ -262,7 +262,7 @@ describe('codeTypeHandler', () => {
     expect(documentation.descriptors).toMatchSnapshot();
   });
 
-  test('does not support union proptypes', () => {
+  test('does support union proptypes', () => {
     const definition = parse
       .statement(
         `(props: Props) => <div />;
@@ -274,7 +274,24 @@ describe('codeTypeHandler', () => {
       .get('expression') as NodePath<ArrowFunctionExpression>;
 
     expect(() => codeTypeHandler(documentation, definition)).not.toThrow();
-    expect(documentation.descriptors).toEqual({});
+    expect(documentation.descriptors).toEqual({
+      bar: {
+        required: true,
+        flowType: {
+          name: 'literal',
+          value: "'barValue'",
+        },
+        description: '',
+      },
+      foo: {
+        required: true,
+        flowType: {
+          name: 'literal',
+          value: "'fooValue'",
+        },
+        description: '',
+      },
+    });
   });
 
   describe('imported prop types', () => {
diff --git a/packages/react-docgen/src/handlers/codeTypeHandler.ts b/packages/react-docgen/src/handlers/codeTypeHandler.ts
index 75310b4b3d8..f008a9ba8e7 100644
--- a/packages/react-docgen/src/handlers/codeTypeHandler.ts
+++ b/packages/react-docgen/src/handlers/codeTypeHandler.ts
@@ -13,6 +13,7 @@ import type { NodePath } from '@babel/traverse';
 import type { FlowType } from '@babel/types';
 import type { ComponentNode } from '../resolver/index.js';
 import type { Handler } from './index.js';
+import mergeTSIntersectionTypes from '../utils/mergeTSIntersectionTypes.js';
 
 function setPropDescriptor(
   documentation: Documentation,
@@ -80,15 +81,30 @@ function setPropDescriptor(
       return;
     }
     const type = getTSType(typeAnnotation, typeParams);
-
     const propName = getPropertyName(path);
 
     if (!propName) return;
 
     const propDescriptor = documentation.getPropDescriptor(propName);
 
-    propDescriptor.required = !path.node.optional;
-    propDescriptor.tsType = type;
+    if (propDescriptor.tsType) {
+      const mergedType = mergeTSIntersectionTypes(
+        {
+          name: propDescriptor.tsType.name,
+          required: propDescriptor.required,
+        },
+        {
+          name: type.name,
+          required: !path.node.optional,
+        },
+      );
+
+      propDescriptor.tsType.name = mergedType.name;
+      propDescriptor.required = mergedType.required;
+    } else {
+      propDescriptor.tsType = type;
+      propDescriptor.required = !path.node.optional;
+    }
 
     // We are doing this here instead of in a different handler
     // to not need to duplicate the logic for checking for
diff --git a/packages/react-docgen/src/utils/__tests__/__snapshots__/getTSType-test.ts.snap b/packages/react-docgen/src/utils/__tests__/__snapshots__/getTSType-test.ts.snap
index 22e588f60e3..1479e58e7ab 100644
--- a/packages/react-docgen/src/utils/__tests__/__snapshots__/getTSType-test.ts.snap
+++ b/packages/react-docgen/src/utils/__tests__/__snapshots__/getTSType-test.ts.snap
@@ -125,6 +125,36 @@ exports[`getTSType > can resolve indexed access to imported type 1`] = `
 }
 `;
 
+exports[`getTSType > deep resolve intersection types 1`] = `
+{
+  "elements": [
+    {
+      "key": "name",
+      "value": {
+        "name": "string",
+        "required": true,
+      },
+    },
+    {
+      "key": "a",
+      "value": {
+        "name": "number",
+        "required": true,
+      },
+    },
+    {
+      "key": "b",
+      "value": {
+        "name": "string",
+        "required": false,
+      },
+    },
+  ],
+  "name": "intersection",
+  "raw": "{ name: string } & (MyType | MySecondType)",
+}
+`;
+
 exports[`getTSType > detects array type 1`] = `
 {
   "elements": [
diff --git a/packages/react-docgen/src/utils/__tests__/getTSType-test.ts b/packages/react-docgen/src/utils/__tests__/getTSType-test.ts
index 0413d2b8503..9e4659d3146 100644
--- a/packages/react-docgen/src/utils/__tests__/getTSType-test.ts
+++ b/packages/react-docgen/src/utils/__tests__/getTSType-test.ts
@@ -70,6 +70,12 @@ const mockImporter = makeMockImporter({
       true,
     ).get('declaration') as NodePath<Declaration>,
 
+  MySecondType: (stmtLast) =>
+    stmtLast<ExportNamedDeclaration>(
+      `export type MySecondType = { a: number, b?: never };`,
+      true,
+    ).get('declaration') as NodePath<Declaration>,
+
   MyGenericType: (stmtLast) =>
     stmtLast<ExportNamedDeclaration>(
       `export type MyGenericType<T> = { a: T, b: Array<T> };`,
@@ -501,6 +507,20 @@ describe('getTSType', () => {
     expect(getTSType(typePath)).toMatchSnapshot();
   });
 
+  test('deep resolve intersection types', () => {
+    const typePath = typeAlias(
+      `
+      const x: SuperType = {};
+      import { MyType } from 'MyType';
+      import { MySecondType } from 'MySecondType';
+      type SuperType = { name: string } & (MyType | MySecondType);
+    `,
+      mockImporter,
+    );
+
+    expect(getTSType(typePath)).toMatchSnapshot();
+  });
+
   test('resolves typeof of import type', () => {
     const typePath = typeAlias(
       "var x: typeof import('MyType') = {};",
diff --git a/packages/react-docgen/src/utils/__tests__/mergeTSIntersectionTypes-test.ts b/packages/react-docgen/src/utils/__tests__/mergeTSIntersectionTypes-test.ts
new file mode 100644
index 00000000000..1430aa12b92
--- /dev/null
+++ b/packages/react-docgen/src/utils/__tests__/mergeTSIntersectionTypes-test.ts
@@ -0,0 +1,76 @@
+import { describe, expect, test } from 'vitest';
+import mergeTSIntersectionTypes from '../mergeTSIntersectionTypes.js';
+
+describe('mergeTSIntersectionTypes', () => {
+  test('it merges two types correctly', () => {
+    const mergedType = mergeTSIntersectionTypes(
+      {
+        name: 'string',
+        required: true,
+      },
+      {
+        name: 'number',
+        required: true,
+      },
+    );
+
+    expect(mergedType).toEqual({
+      name: 'string | number',
+      required: true,
+    });
+  });
+
+  test('it ignores types of "never"', () => {
+    const mergedType = mergeTSIntersectionTypes(
+      {
+        name: 'string',
+        required: true,
+      },
+      {
+        name: 'never',
+        required: true,
+      },
+    );
+
+    expect(mergedType).toEqual({
+      name: 'string',
+      required: true,
+    });
+  });
+
+  test('if one of the types is "unknown", it overrides all other types', () => {
+    const mergedType = mergeTSIntersectionTypes(
+      {
+        name: 'string',
+        required: true,
+      },
+      {
+        name: 'unknown',
+        required: true,
+      },
+    );
+
+    expect(mergedType).toEqual({
+      name: 'unknown',
+      required: true,
+    });
+  });
+
+  test('if one of the types is NOT required, the merged one is NOT required too', () => {
+    const mergedType = mergeTSIntersectionTypes(
+      {
+        name: 'string',
+        required: true,
+      },
+      {
+        name: 'number',
+        required: false,
+      },
+    );
+
+    expect(mergedType).toEqual({
+      name: 'string | number',
+      required: false,
+    });
+  });
+});
diff --git a/packages/react-docgen/src/utils/getTSType.ts b/packages/react-docgen/src/utils/getTSType.ts
index c938bf9470b..d1f2fd80fbf 100644
--- a/packages/react-docgen/src/utils/getTSType.ts
+++ b/packages/react-docgen/src/utils/getTSType.ts
@@ -36,8 +36,10 @@ import type {
   TypeScript,
   TSQualifiedName,
   TSLiteralType,
+  TSParenthesizedType,
 } from '@babel/types';
 import { getDocblock } from './docblock.js';
+import mergeTSIntersectionTypes from './mergeTSIntersectionTypes.js';
 
 const tsTypes: Record<string, string> = {
   TSAnyKeyword: 'any',
@@ -69,6 +71,7 @@ const namedTypes: Record<
   TSUnionType: handleTSUnionType,
   TSFunctionType: handleTSFunctionType,
   TSIntersectionType: handleTSIntersectionType,
+  TSParenthesizedType: handleTSParenthesizedType,
   TSMappedType: handleTSMappedType,
   TSTupleType: handleTSTupleType,
   TSTypeQuery: handleTSTypeQuery,
@@ -127,8 +130,7 @@ function handleTSTypeReference(
   }
 
   const resolvedPath =
-    (typeParams && typeParams[type.name]) ||
-    resolveToValue(path.get('typeName'));
+    (typeParams && typeParams[type.name]) || resolveToValue(typeName);
 
   const typeParameters = path.get('typeParameters');
   const resolvedTypeParameters = resolvedPath.get('typeParameters') as NodePath<
@@ -267,19 +269,109 @@ function handleTSUnionType(
   };
 }
 
+function handleTSParenthesizedType(
+  path: NodePath<TSParenthesizedType>,
+  typeParams: TypeParameters | null,
+): ElementsType<TSFunctionSignatureType> {
+  const innerTypePath = path.get('typeAnnotation');
+  const resolvedType = getTSTypeWithResolvedTypes(innerTypePath, typeParams);
+
+  return {
+    name: 'parenthesized',
+    raw: printValue(path),
+    elements: Array.isArray(resolvedType) ? resolvedType : [resolvedType],
+  };
+}
+
+interface PropertyWithKey {
+  key: TypeDescriptor<TSFunctionSignatureType> | string;
+  value: TypeDescriptor<TSFunctionSignatureType>;
+  description?: string | undefined;
+}
+
 function handleTSIntersectionType(
   path: NodePath<TSIntersectionType>,
   typeParams: TypeParameters | null,
 ): ElementsType<TSFunctionSignatureType> {
+  const resolvedTypes = path
+    .get('types')
+    .map((subTypePath) => getTSTypeWithResolvedTypes(subTypePath, typeParams));
+
+  let elements: Array<TypeDescriptor<TSFunctionSignatureType>> = [];
+
+  resolvedTypes.forEach((resolvedType) => {
+    switch (resolvedType.name) {
+      default:
+      case 'signature':
+        elements.push(resolvedType);
+        break;
+      case 'parenthesized': {
+        if ('elements' in resolvedType && resolvedType.elements[0]) {
+          const firstElement = resolvedType.elements[0];
+
+          if (firstElement && 'elements' in firstElement) {
+            elements = [...elements, ...firstElement.elements];
+          }
+        }
+        break;
+      }
+    }
+  });
+
+  const elementsDedup: PropertyWithKey[] = [];
+
+  // dedup elements
+  elements.forEach((element) => {
+    if (hasSignature(element)) {
+      const { signature } = element;
+
+      if (hasProperties(signature)) {
+        signature.properties.forEach((property) => {
+          const existingIndex = elementsDedup.findIndex(
+            ({ key }) => key === property.key,
+          );
+
+          if (existingIndex === -1) {
+            elementsDedup.push(property);
+          } else {
+            const existingProperty = elementsDedup[existingIndex];
+
+            if (existingProperty) {
+              elementsDedup[existingIndex] = {
+                key: property.key,
+                value: mergeTSIntersectionTypes(
+                  existingProperty.value,
+                  property.value,
+                ),
+              };
+            }
+          }
+        });
+      }
+    } else {
+      elementsDedup.push(element as unknown as PropertyWithKey);
+    }
+  });
+
   return {
     name: 'intersection',
     raw: printValue(path),
-    elements: path
-      .get('types')
-      .map((subType) => getTSTypeWithResolvedTypes(subType, typeParams)),
+    elements: elementsDedup as unknown as Array<
+      TypeDescriptor<TSFunctionSignatureType>
+    >,
   };
 }
 
+// eslint-disable-next-line @typescript-eslint/no-explicit-any
+function hasSignature(element: any): element is { signature: unknown } {
+  return 'signature' in element;
+}
+
+// eslint-disable-next-line @typescript-eslint/no-explicit-any
+function hasProperties(element: any): element is { properties: unknown } {
+  return 'properties' in element;
+}
+
 // type OptionsFlags<Type> = { [Property in keyof Type]; };
 function handleTSMappedType(
   path: NodePath<TSMappedType>,
diff --git a/packages/react-docgen/src/utils/getTypeFromReactComponent.ts b/packages/react-docgen/src/utils/getTypeFromReactComponent.ts
index b0241c121a0..b1c7f8e87ca 100644
--- a/packages/react-docgen/src/utils/getTypeFromReactComponent.ts
+++ b/packages/react-docgen/src/utils/getTypeFromReactComponent.ts
@@ -162,9 +162,28 @@ export function applyToTypeProperties(
       (typesPath) =>
         applyToTypeProperties(documentation, typesPath, callback, typeParams),
     );
-  } else if (!path.isUnionTypeAnnotation()) {
-    // The react-docgen output format does not currently allow
-    // for the expression of union types
+  } else if (path.isParenthesizedExpression() || path.isTSParenthesizedType()) {
+    const typeAnnotation = path.get('typeAnnotation');
+    const typeAnnotationPath = Array.isArray(typeAnnotation)
+      ? typeAnnotation[0]
+      : typeAnnotation;
+
+    if (typeAnnotationPath) {
+      applyToTypeProperties(
+        documentation,
+        typeAnnotationPath,
+        callback,
+        typeParams,
+      );
+    }
+  } else if (path.isUnionTypeAnnotation() || path.isTSUnionType()) {
+    const typeNodes = path.get('types');
+    const types = Array.isArray(typeNodes) ? typeNodes : [typeNodes];
+
+    types.forEach((typesPath) =>
+      applyToTypeProperties(documentation, typesPath, callback, typeParams),
+    );
+  } else {
     const typePath = resolveGenericTypeAnnotation(path);
 
     if (typePath) {
diff --git a/packages/react-docgen/src/utils/mergeTSIntersectionTypes.ts b/packages/react-docgen/src/utils/mergeTSIntersectionTypes.ts
new file mode 100644
index 00000000000..41a88ab64b3
--- /dev/null
+++ b/packages/react-docgen/src/utils/mergeTSIntersectionTypes.ts
@@ -0,0 +1,60 @@
+import type {
+  TSFunctionSignatureType,
+  TypeDescriptor,
+} from '../Documentation.js';
+
+/**
+ * Merges two TSFunctionSignatureType types into one.
+ *
+ * @example
+ * const existingType = {
+ *   "key": "children",
+ *   "value": {
+ *     "name": "ReactNode",
+ *     "required": true,
+ *   },
+ * };
+ * const newType = {
+ *   "key": "children",
+ *   "value": {
+ *     "name": "never",
+ *     "required": false,
+ *   },
+ * };
+ *
+ * return {
+ *   "key": "children",
+ *   "value": {
+ *     "name": "ReactNode",
+ *     "required": false,
+ *   },
+ * };
+ */
+export default (
+  existingType: TypeDescriptor<TSFunctionSignatureType>,
+  newType: TypeDescriptor<TSFunctionSignatureType>,
+): TypeDescriptor<TSFunctionSignatureType> => {
+  const required =
+    newType.required === false || existingType.required === false
+      ? false
+      : existingType.required;
+
+  const existingTypesArray = existingType.name.split('|').map((t) => t.trim());
+  const existingTypes = new Set(existingTypesArray);
+
+  if (!['never'].includes(newType.name)) {
+    existingTypes.add(newType.name);
+  }
+
+  if (existingType.name === 'unknown' || newType.name === 'unknown') {
+    return {
+      name: 'unknown',
+      required,
+    };
+  }
+
+  return {
+    name: Array.from(existingTypes).join(' | '),
+    required,
+  };
+};