diff --git a/crates/swc/tests/fixture/issues-8xxx/8735/input/.swcrc b/crates/swc/tests/fixture/issues-8xxx/8735/input/.swcrc
new file mode 100644
index 000000000000..65f433d6c2c3
--- /dev/null
+++ b/crates/swc/tests/fixture/issues-8xxx/8735/input/.swcrc
@@ -0,0 +1,19 @@
+{
+    "jsc": {
+        "parser": {
+            "syntax": "typescript",
+            "tsx": true
+        },
+        "target": "es5",
+        "loose": false,
+        "minify": {
+            "compress": false,
+            "mangle": false
+        }
+    },
+    "module": {
+        "type": "es6"
+    },
+    "minify": false,
+    "isModule": true
+}
\ No newline at end of file
diff --git a/crates/swc/tests/fixture/issues-8xxx/8735/input/input.tsx b/crates/swc/tests/fixture/issues-8xxx/8735/input/input.tsx
new file mode 100644
index 000000000000..a68c40716e6f
--- /dev/null
+++ b/crates/swc/tests/fixture/issues-8xxx/8735/input/input.tsx
@@ -0,0 +1,5 @@
+function getFirstElement<T>(array: T[]): T | null {
+    return array.length > 0 ? array[0] : null;
+}
+
+let myFunction = getFirstElement<number> as any;
diff --git a/crates/swc/tests/fixture/issues-8xxx/8735/output/input.tsx b/crates/swc/tests/fixture/issues-8xxx/8735/output/input.tsx
new file mode 100644
index 000000000000..4b12ddc03e08
--- /dev/null
+++ b/crates/swc/tests/fixture/issues-8xxx/8735/output/input.tsx
@@ -0,0 +1,4 @@
+function getFirstElement(array) {
+    return array.length > 0 ? array[0] : null;
+}
+var myFunction = getFirstElement;
diff --git a/crates/swc_ecma_parser/src/parser/expr.rs b/crates/swc_ecma_parser/src/parser/expr.rs
index cbbffbef53a0..705b1e23f4e2 100644
--- a/crates/swc_ecma_parser/src/parser/expr.rs
+++ b/crates/swc_ecma_parser/src/parser/expr.rs
@@ -1226,7 +1226,7 @@ impl<I: Tokens> Parser<I> {
                         )
                         .map(|expr| (Box::new(Expr::TaggedTpl(expr)), true))
                         .map(Some)
-                    } else if is!(p, '=') {
+                    } else if is_one_of!(p, '=', "as") {
                         Ok(Some((
                             Box::new(Expr::TsInstantiation(TsInstantiation {
                                 span: span!(p, start),
@@ -1236,7 +1236,7 @@ impl<I: Tokens> Parser<I> {
                                 },
                                 type_args,
                             })),
-                            true,
+                            false,
                         )))
                     } else if no_call {
                         unexpected!(p, "`")
diff --git a/crates/swc_ecma_parser/tests/typescript/issue-8735/1/input.ts b/crates/swc_ecma_parser/tests/typescript/issue-8735/1/input.ts
new file mode 100644
index 000000000000..a68c40716e6f
--- /dev/null
+++ b/crates/swc_ecma_parser/tests/typescript/issue-8735/1/input.ts
@@ -0,0 +1,5 @@
+function getFirstElement<T>(array: T[]): T | null {
+    return array.length > 0 ? array[0] : null;
+}
+
+let myFunction = getFirstElement<number> as any;
diff --git a/crates/swc_ecma_parser/tests/typescript/issue-8735/1/input.ts.json b/crates/swc_ecma_parser/tests/typescript/issue-8735/1/input.ts.json
new file mode 100644
index 000000000000..44d43e2a9f2f
--- /dev/null
+++ b/crates/swc_ecma_parser/tests/typescript/issue-8735/1/input.ts.json
@@ -0,0 +1,371 @@
+{
+  "type": "Script",
+  "span": {
+    "start": 1,
+    "end": 151,
+    "ctxt": 0
+  },
+  "body": [
+    {
+      "type": "FunctionDeclaration",
+      "identifier": {
+        "type": "Identifier",
+        "span": {
+          "start": 10,
+          "end": 25,
+          "ctxt": 0
+        },
+        "value": "getFirstElement",
+        "optional": false
+      },
+      "declare": false,
+      "params": [
+        {
+          "type": "Parameter",
+          "span": {
+            "start": 29,
+            "end": 39,
+            "ctxt": 0
+          },
+          "decorators": [],
+          "pat": {
+            "type": "Identifier",
+            "span": {
+              "start": 29,
+              "end": 39,
+              "ctxt": 0
+            },
+            "value": "array",
+            "optional": false,
+            "typeAnnotation": {
+              "type": "TsTypeAnnotation",
+              "span": {
+                "start": 34,
+                "end": 39,
+                "ctxt": 0
+              },
+              "typeAnnotation": {
+                "type": "TsArrayType",
+                "span": {
+                  "start": 36,
+                  "end": 39,
+                  "ctxt": 0
+                },
+                "elemType": {
+                  "type": "TsTypeReference",
+                  "span": {
+                    "start": 36,
+                    "end": 37,
+                    "ctxt": 0
+                  },
+                  "typeName": {
+                    "type": "Identifier",
+                    "span": {
+                      "start": 36,
+                      "end": 37,
+                      "ctxt": 0
+                    },
+                    "value": "T",
+                    "optional": false
+                  },
+                  "typeParams": null
+                }
+              }
+            }
+          }
+        }
+      ],
+      "decorators": [],
+      "span": {
+        "start": 1,
+        "end": 101,
+        "ctxt": 0
+      },
+      "body": {
+        "type": "BlockStatement",
+        "span": {
+          "start": 51,
+          "end": 101,
+          "ctxt": 0
+        },
+        "stmts": [
+          {
+            "type": "ReturnStatement",
+            "span": {
+              "start": 57,
+              "end": 99,
+              "ctxt": 0
+            },
+            "argument": {
+              "type": "ConditionalExpression",
+              "span": {
+                "start": 64,
+                "end": 98,
+                "ctxt": 0
+              },
+              "test": {
+                "type": "BinaryExpression",
+                "span": {
+                  "start": 64,
+                  "end": 80,
+                  "ctxt": 0
+                },
+                "operator": ">",
+                "left": {
+                  "type": "MemberExpression",
+                  "span": {
+                    "start": 64,
+                    "end": 76,
+                    "ctxt": 0
+                  },
+                  "object": {
+                    "type": "Identifier",
+                    "span": {
+                      "start": 64,
+                      "end": 69,
+                      "ctxt": 0
+                    },
+                    "value": "array",
+                    "optional": false
+                  },
+                  "property": {
+                    "type": "Identifier",
+                    "span": {
+                      "start": 70,
+                      "end": 76,
+                      "ctxt": 0
+                    },
+                    "value": "length",
+                    "optional": false
+                  }
+                },
+                "right": {
+                  "type": "NumericLiteral",
+                  "span": {
+                    "start": 79,
+                    "end": 80,
+                    "ctxt": 0
+                  },
+                  "value": 0.0,
+                  "raw": "0"
+                }
+              },
+              "consequent": {
+                "type": "MemberExpression",
+                "span": {
+                  "start": 83,
+                  "end": 91,
+                  "ctxt": 0
+                },
+                "object": {
+                  "type": "Identifier",
+                  "span": {
+                    "start": 83,
+                    "end": 88,
+                    "ctxt": 0
+                  },
+                  "value": "array",
+                  "optional": false
+                },
+                "property": {
+                  "type": "Computed",
+                  "span": {
+                    "start": 88,
+                    "end": 91,
+                    "ctxt": 0
+                  },
+                  "expression": {
+                    "type": "NumericLiteral",
+                    "span": {
+                      "start": 89,
+                      "end": 90,
+                      "ctxt": 0
+                    },
+                    "value": 0.0,
+                    "raw": "0"
+                  }
+                }
+              },
+              "alternate": {
+                "type": "NullLiteral",
+                "span": {
+                  "start": 94,
+                  "end": 98,
+                  "ctxt": 0
+                }
+              }
+            }
+          }
+        ]
+      },
+      "generator": false,
+      "async": false,
+      "typeParameters": {
+        "type": "TsTypeParameterDeclaration",
+        "span": {
+          "start": 25,
+          "end": 28,
+          "ctxt": 0
+        },
+        "parameters": [
+          {
+            "type": "TsTypeParameter",
+            "span": {
+              "start": 26,
+              "end": 27,
+              "ctxt": 0
+            },
+            "name": {
+              "type": "Identifier",
+              "span": {
+                "start": 26,
+                "end": 27,
+                "ctxt": 0
+              },
+              "value": "T",
+              "optional": false
+            },
+            "in": false,
+            "out": false,
+            "const": false,
+            "constraint": null,
+            "default": null
+          }
+        ]
+      },
+      "returnType": {
+        "type": "TsTypeAnnotation",
+        "span": {
+          "start": 40,
+          "end": 50,
+          "ctxt": 0
+        },
+        "typeAnnotation": {
+          "type": "TsUnionType",
+          "span": {
+            "start": 42,
+            "end": 50,
+            "ctxt": 0
+          },
+          "types": [
+            {
+              "type": "TsTypeReference",
+              "span": {
+                "start": 42,
+                "end": 43,
+                "ctxt": 0
+              },
+              "typeName": {
+                "type": "Identifier",
+                "span": {
+                  "start": 42,
+                  "end": 43,
+                  "ctxt": 0
+                },
+                "value": "T",
+                "optional": false
+              },
+              "typeParams": null
+            },
+            {
+              "type": "TsKeywordType",
+              "span": {
+                "start": 46,
+                "end": 50,
+                "ctxt": 0
+              },
+              "kind": "null"
+            }
+          ]
+        }
+      }
+    },
+    {
+      "type": "VariableDeclaration",
+      "span": {
+        "start": 103,
+        "end": 151,
+        "ctxt": 0
+      },
+      "kind": "let",
+      "declare": false,
+      "declarations": [
+        {
+          "type": "VariableDeclarator",
+          "span": {
+            "start": 107,
+            "end": 150,
+            "ctxt": 0
+          },
+          "id": {
+            "type": "Identifier",
+            "span": {
+              "start": 107,
+              "end": 117,
+              "ctxt": 0
+            },
+            "value": "myFunction",
+            "optional": false,
+            "typeAnnotation": null
+          },
+          "init": {
+            "type": "TsAsExpression",
+            "span": {
+              "start": 120,
+              "end": 150,
+              "ctxt": 0
+            },
+            "expression": {
+              "type": "TsInstantiation",
+              "span": {
+                "start": 120,
+                "end": 143,
+                "ctxt": 0
+              },
+              "expression": {
+                "type": "Identifier",
+                "span": {
+                  "start": 120,
+                  "end": 135,
+                  "ctxt": 0
+                },
+                "value": "getFirstElement",
+                "optional": false
+              },
+              "typeArguments": {
+                "type": "TsTypeParameterInstantiation",
+                "span": {
+                  "start": 135,
+                  "end": 143,
+                  "ctxt": 0
+                },
+                "params": [
+                  {
+                    "type": "TsKeywordType",
+                    "span": {
+                      "start": 136,
+                      "end": 142,
+                      "ctxt": 0
+                    },
+                    "kind": "number"
+                  }
+                ]
+              }
+            },
+            "typeAnnotation": {
+              "type": "TsKeywordType",
+              "span": {
+                "start": 147,
+                "end": 150,
+                "ctxt": 0
+              },
+              "kind": "any"
+            }
+          },
+          "definite": false
+        }
+      ]
+    }
+  ],
+  "interpreter": null
+}
diff --git a/crates/swc_ecma_parser/tests/typescript/issue-8735/2/input.tsx b/crates/swc_ecma_parser/tests/typescript/issue-8735/2/input.tsx
new file mode 100644
index 000000000000..a68c40716e6f
--- /dev/null
+++ b/crates/swc_ecma_parser/tests/typescript/issue-8735/2/input.tsx
@@ -0,0 +1,5 @@
+function getFirstElement<T>(array: T[]): T | null {
+    return array.length > 0 ? array[0] : null;
+}
+
+let myFunction = getFirstElement<number> as any;
diff --git a/crates/swc_ecma_parser/tests/typescript/issue-8735/2/input.tsx.json b/crates/swc_ecma_parser/tests/typescript/issue-8735/2/input.tsx.json
new file mode 100644
index 000000000000..44d43e2a9f2f
--- /dev/null
+++ b/crates/swc_ecma_parser/tests/typescript/issue-8735/2/input.tsx.json
@@ -0,0 +1,371 @@
+{
+  "type": "Script",
+  "span": {
+    "start": 1,
+    "end": 151,
+    "ctxt": 0
+  },
+  "body": [
+    {
+      "type": "FunctionDeclaration",
+      "identifier": {
+        "type": "Identifier",
+        "span": {
+          "start": 10,
+          "end": 25,
+          "ctxt": 0
+        },
+        "value": "getFirstElement",
+        "optional": false
+      },
+      "declare": false,
+      "params": [
+        {
+          "type": "Parameter",
+          "span": {
+            "start": 29,
+            "end": 39,
+            "ctxt": 0
+          },
+          "decorators": [],
+          "pat": {
+            "type": "Identifier",
+            "span": {
+              "start": 29,
+              "end": 39,
+              "ctxt": 0
+            },
+            "value": "array",
+            "optional": false,
+            "typeAnnotation": {
+              "type": "TsTypeAnnotation",
+              "span": {
+                "start": 34,
+                "end": 39,
+                "ctxt": 0
+              },
+              "typeAnnotation": {
+                "type": "TsArrayType",
+                "span": {
+                  "start": 36,
+                  "end": 39,
+                  "ctxt": 0
+                },
+                "elemType": {
+                  "type": "TsTypeReference",
+                  "span": {
+                    "start": 36,
+                    "end": 37,
+                    "ctxt": 0
+                  },
+                  "typeName": {
+                    "type": "Identifier",
+                    "span": {
+                      "start": 36,
+                      "end": 37,
+                      "ctxt": 0
+                    },
+                    "value": "T",
+                    "optional": false
+                  },
+                  "typeParams": null
+                }
+              }
+            }
+          }
+        }
+      ],
+      "decorators": [],
+      "span": {
+        "start": 1,
+        "end": 101,
+        "ctxt": 0
+      },
+      "body": {
+        "type": "BlockStatement",
+        "span": {
+          "start": 51,
+          "end": 101,
+          "ctxt": 0
+        },
+        "stmts": [
+          {
+            "type": "ReturnStatement",
+            "span": {
+              "start": 57,
+              "end": 99,
+              "ctxt": 0
+            },
+            "argument": {
+              "type": "ConditionalExpression",
+              "span": {
+                "start": 64,
+                "end": 98,
+                "ctxt": 0
+              },
+              "test": {
+                "type": "BinaryExpression",
+                "span": {
+                  "start": 64,
+                  "end": 80,
+                  "ctxt": 0
+                },
+                "operator": ">",
+                "left": {
+                  "type": "MemberExpression",
+                  "span": {
+                    "start": 64,
+                    "end": 76,
+                    "ctxt": 0
+                  },
+                  "object": {
+                    "type": "Identifier",
+                    "span": {
+                      "start": 64,
+                      "end": 69,
+                      "ctxt": 0
+                    },
+                    "value": "array",
+                    "optional": false
+                  },
+                  "property": {
+                    "type": "Identifier",
+                    "span": {
+                      "start": 70,
+                      "end": 76,
+                      "ctxt": 0
+                    },
+                    "value": "length",
+                    "optional": false
+                  }
+                },
+                "right": {
+                  "type": "NumericLiteral",
+                  "span": {
+                    "start": 79,
+                    "end": 80,
+                    "ctxt": 0
+                  },
+                  "value": 0.0,
+                  "raw": "0"
+                }
+              },
+              "consequent": {
+                "type": "MemberExpression",
+                "span": {
+                  "start": 83,
+                  "end": 91,
+                  "ctxt": 0
+                },
+                "object": {
+                  "type": "Identifier",
+                  "span": {
+                    "start": 83,
+                    "end": 88,
+                    "ctxt": 0
+                  },
+                  "value": "array",
+                  "optional": false
+                },
+                "property": {
+                  "type": "Computed",
+                  "span": {
+                    "start": 88,
+                    "end": 91,
+                    "ctxt": 0
+                  },
+                  "expression": {
+                    "type": "NumericLiteral",
+                    "span": {
+                      "start": 89,
+                      "end": 90,
+                      "ctxt": 0
+                    },
+                    "value": 0.0,
+                    "raw": "0"
+                  }
+                }
+              },
+              "alternate": {
+                "type": "NullLiteral",
+                "span": {
+                  "start": 94,
+                  "end": 98,
+                  "ctxt": 0
+                }
+              }
+            }
+          }
+        ]
+      },
+      "generator": false,
+      "async": false,
+      "typeParameters": {
+        "type": "TsTypeParameterDeclaration",
+        "span": {
+          "start": 25,
+          "end": 28,
+          "ctxt": 0
+        },
+        "parameters": [
+          {
+            "type": "TsTypeParameter",
+            "span": {
+              "start": 26,
+              "end": 27,
+              "ctxt": 0
+            },
+            "name": {
+              "type": "Identifier",
+              "span": {
+                "start": 26,
+                "end": 27,
+                "ctxt": 0
+              },
+              "value": "T",
+              "optional": false
+            },
+            "in": false,
+            "out": false,
+            "const": false,
+            "constraint": null,
+            "default": null
+          }
+        ]
+      },
+      "returnType": {
+        "type": "TsTypeAnnotation",
+        "span": {
+          "start": 40,
+          "end": 50,
+          "ctxt": 0
+        },
+        "typeAnnotation": {
+          "type": "TsUnionType",
+          "span": {
+            "start": 42,
+            "end": 50,
+            "ctxt": 0
+          },
+          "types": [
+            {
+              "type": "TsTypeReference",
+              "span": {
+                "start": 42,
+                "end": 43,
+                "ctxt": 0
+              },
+              "typeName": {
+                "type": "Identifier",
+                "span": {
+                  "start": 42,
+                  "end": 43,
+                  "ctxt": 0
+                },
+                "value": "T",
+                "optional": false
+              },
+              "typeParams": null
+            },
+            {
+              "type": "TsKeywordType",
+              "span": {
+                "start": 46,
+                "end": 50,
+                "ctxt": 0
+              },
+              "kind": "null"
+            }
+          ]
+        }
+      }
+    },
+    {
+      "type": "VariableDeclaration",
+      "span": {
+        "start": 103,
+        "end": 151,
+        "ctxt": 0
+      },
+      "kind": "let",
+      "declare": false,
+      "declarations": [
+        {
+          "type": "VariableDeclarator",
+          "span": {
+            "start": 107,
+            "end": 150,
+            "ctxt": 0
+          },
+          "id": {
+            "type": "Identifier",
+            "span": {
+              "start": 107,
+              "end": 117,
+              "ctxt": 0
+            },
+            "value": "myFunction",
+            "optional": false,
+            "typeAnnotation": null
+          },
+          "init": {
+            "type": "TsAsExpression",
+            "span": {
+              "start": 120,
+              "end": 150,
+              "ctxt": 0
+            },
+            "expression": {
+              "type": "TsInstantiation",
+              "span": {
+                "start": 120,
+                "end": 143,
+                "ctxt": 0
+              },
+              "expression": {
+                "type": "Identifier",
+                "span": {
+                  "start": 120,
+                  "end": 135,
+                  "ctxt": 0
+                },
+                "value": "getFirstElement",
+                "optional": false
+              },
+              "typeArguments": {
+                "type": "TsTypeParameterInstantiation",
+                "span": {
+                  "start": 135,
+                  "end": 143,
+                  "ctxt": 0
+                },
+                "params": [
+                  {
+                    "type": "TsKeywordType",
+                    "span": {
+                      "start": 136,
+                      "end": 142,
+                      "ctxt": 0
+                    },
+                    "kind": "number"
+                  }
+                ]
+              }
+            },
+            "typeAnnotation": {
+              "type": "TsKeywordType",
+              "span": {
+                "start": 147,
+                "end": 150,
+                "ctxt": 0
+              },
+              "kind": "any"
+            }
+          },
+          "definite": false
+        }
+      ]
+    }
+  ],
+  "interpreter": null
+}