diff --git a/e2e/js/src/js-executor-node.test.ts b/e2e/js/src/js-executor-node.test.ts
index ad4cde362cf597..a301ff748ab5b2 100644
--- a/e2e/js/src/js-executor-node.test.ts
+++ b/e2e/js/src/js-executor-node.test.ts
@@ -50,8 +50,7 @@ describe('js:node executor', () => {
     expect(output).toContain('This is an error');
   }, 240_000);
 
-  // TODO: Re-enable this when it is passing
-  xit('should execute library compiled with rollup', async () => {
+  it('should execute library compiled with rollup', async () => {
     const rollupLib = uniq('rolluplib');
 
     runCLI(
diff --git a/e2e/js/src/js-executor-swc.test.ts b/e2e/js/src/js-executor-swc.test.ts
index 3097daf4a3356b..135d55d29c0e74 100644
--- a/e2e/js/src/js-executor-swc.test.ts
+++ b/e2e/js/src/js-executor-swc.test.ts
@@ -1,7 +1,5 @@
-import { satisfies } from 'semver';
 import { execSync } from 'child_process';
 import {
-  checkFilesDoNotExist,
   checkFilesExist,
   cleanupProject,
   detectPackageManager,
@@ -9,7 +7,6 @@ import {
   packageManagerLockFile,
   readJson,
   runCLI,
-  runCLIAsync,
   tmpProjPath,
   uniq,
   updateFile,
@@ -65,14 +62,9 @@ describe('js:swc executor', () => {
         packageManagerLockFile[detectPackageManager(tmpProjPath())]
       }`
     );
-    expect(
-      satisfies(
-        readJson(`dist/libs/${lib}/package.json`).peerDependencies[
-          '@swc/helpers'
-        ],
-        readJson(`package.json`).dependencies['@swc/helpers']
-      )
-    ).toBeTruthy();
+    expect(readJson(`dist/libs/${lib}/package.json`)).toHaveProperty(
+      'peerDependencies.@swc/helpers'
+    );
 
     // Legacy behavior (updateBuildableProjectDepsInPackageJson): don't add @swc/helpers if externalHelpers is false
     // TODO(v17):  Remove this test
diff --git a/e2e/js/src/js-packaging.test.ts b/e2e/js/src/js-packaging.test.ts
index f8f2d64177f25b..73768826c2220a 100644
--- a/e2e/js/src/js-packaging.test.ts
+++ b/e2e/js/src/js-packaging.test.ts
@@ -22,8 +22,7 @@ describe('packaging libs', () => {
 
   afterEach(() => cleanupProject());
 
-  // TODO Re-enable this when it is passing
-  xit('should bundle libs using esbuild, vite, rollup and be used in CJS/ESM projects', () => {
+  it('should bundle libs using esbuild, vite, rollup and be used in CJS/ESM projects', () => {
     const esbuildLib = uniq('esbuildlib');
     const viteLib = uniq('vitelib');
     const rollupLib = uniq('rolluplib');
@@ -130,8 +129,7 @@ describe('packaging libs', () => {
     expect(output).toContain('rollup default');
   }, 500_000);
 
-  // TODO Re-enable this when it is passing
-  xit('should build with tsc, swc and be used in CJS/ESM projects', async () => {
+  it('should build with tsc, swc and be used in CJS/ESM projects', async () => {
     const tscLib = uniq('tsclib');
     const swcLib = uniq('swclib');
     const tscEsmLib = uniq('tscesmlib');
diff --git a/e2e/rollup/src/rollup.test.ts b/e2e/rollup/src/rollup.test.ts
index 9da8cb1deffeb9..237fcbfaf26378 100644
--- a/e2e/rollup/src/rollup.test.ts
+++ b/e2e/rollup/src/rollup.test.ts
@@ -114,8 +114,7 @@ describe('Rollup Plugin', () => {
     });
   });
 
-  // TODO: Re-enable this when it is passing
-  xit('should be able to build libs generated with @nx/js:lib --bundler rollup', () => {
+  it('should be able to build libs generated with @nx/js:lib --bundler rollup', () => {
     const jsLib = uniq('jslib');
     runCLI(`generate @nx/js:lib ${jsLib} --bundler rollup`);
     expect(() => runCLI(`build ${jsLib}`)).not.toThrow();
diff --git a/packages/js/migrations.json b/packages/js/migrations.json
index 9f0ced6950a751..4145e62deafbfd 100644
--- a/packages/js/migrations.json
+++ b/packages/js/migrations.json
@@ -47,6 +47,12 @@
       "version": "16.6.0-beta.0",
       "description": "Explicitly set 'updateBuildableProjectDepsInPackageJson' to 'true' in targets that rely on that value as the default.",
       "factory": "./src/migrations/update-16-6-0/explicitly-set-projects-to-update-buildable-deps"
+    },
+    "16-8-2-update-swcrc": {
+      "cli": "nx",
+      "version": "16.8.2-beta.0",
+      "description": "Remove invalid options (strict, noInterop) for ES6 type modules.",
+      "factory": "./src/migrations/update-16-8-2/update-swcrc"
     }
   },
   "packageJsonUpdates": {
@@ -98,6 +104,19 @@
           "version": "~5.1.3"
         }
       }
+    },
+    "16.8.2": {
+      "version": "16.8.2-beta.0",
+      "packages": {
+        "@swc/core": {
+          "version": "~1.3.85",
+          "alwaysAddToPackageJson": false
+        },
+        "@swc/helpers": {
+          "version": "~0.5.2",
+          "alwaysAddToPackageJson": false
+        }
+      }
     }
   }
 }
diff --git a/packages/js/src/migrations/update-16-8-2/update-swcrc.spec.ts b/packages/js/src/migrations/update-16-8-2/update-swcrc.spec.ts
new file mode 100644
index 00000000000000..7c8e06e7e79b5e
--- /dev/null
+++ b/packages/js/src/migrations/update-16-8-2/update-swcrc.spec.ts
@@ -0,0 +1,82 @@
+import { addProjectConfiguration, readJson, Tree, writeJson } from '@nx/devkit';
+import { createTreeWithEmptyWorkspace } from '@nx/devkit/testing';
+import update from './update-swcrc';
+
+describe('Migration: update .swcrc', () => {
+  let tree: Tree;
+
+  beforeEach(async () => {
+    tree = createTreeWithEmptyWorkspace();
+  });
+
+  it('should remove invalid options for ES6 modules', async () => {
+    addProjectConfiguration(tree, 'pkg', {
+      root: 'pkg',
+    });
+    writeJson(tree, 'pkg/.swcrc', {
+      module: {
+        type: 'es6',
+        strict: true,
+        noInterop: true,
+      },
+    });
+
+    await update(tree);
+
+    expect(readJson(tree, 'pkg/.swcrc')).toEqual({
+      module: {
+        type: 'es6',
+      },
+    });
+  });
+
+  it('should keep options for CommonJS modules', async () => {
+    addProjectConfiguration(tree, 'pkg', {
+      root: 'pkg',
+    });
+    writeJson(tree, 'pkg/.swcrc', {
+      module: {
+        type: 'commonjs',
+        strict: true,
+        noInterop: true,
+      },
+    });
+
+    await update(tree);
+
+    expect(readJson(tree, 'pkg/.swcrc')).toEqual({
+      module: {
+        type: 'commonjs',
+        strict: true,
+        noInterop: true,
+      },
+    });
+  });
+
+  it('should ignore projects without module options in .swcrc', async () => {
+    addProjectConfiguration(tree, 'pkg', {
+      root: 'pkg',
+    });
+    writeJson(tree, 'pkg/.swcrc', {
+      jsc: {
+        target: 'es2017',
+      },
+    });
+
+    await expect(update(tree)).resolves.not.toThrow();
+
+    expect(readJson(tree, 'pkg/.swcrc')).toEqual({
+      jsc: {
+        target: 'es2017',
+      },
+    });
+  });
+
+  it('should ignore projects without .swcrc', async () => {
+    addProjectConfiguration(tree, 'pkg', {
+      root: 'pkg',
+    });
+
+    await expect(update(tree)).resolves.not.toThrow();
+  });
+});
diff --git a/packages/js/src/migrations/update-16-8-2/update-swcrc.ts b/packages/js/src/migrations/update-16-8-2/update-swcrc.ts
new file mode 100644
index 00000000000000..359a38a28493e0
--- /dev/null
+++ b/packages/js/src/migrations/update-16-8-2/update-swcrc.ts
@@ -0,0 +1,30 @@
+import {
+  formatFiles,
+  getProjects,
+  readJson,
+  Tree,
+  writeJson,
+} from '@nx/devkit';
+import { join } from 'path';
+
+export default async function update(tree: Tree) {
+  const projects = getProjects(tree);
+
+  for (const config of projects.values()) {
+    const swcrcPath = join(config.root, '.swcrc');
+    if (!tree.exists(swcrcPath)) continue;
+    const json = readJson(tree, swcrcPath);
+    // No longer need strict or noInterop for es6 modules
+    // See: https://github.com/swc-project/swc/commit/7e8d72d
+    if (
+      json.module?.type === 'es6' &&
+      (json.module?.strict || json.module?.noInterop)
+    ) {
+      delete json.module.noInterop;
+      delete json.module.strict;
+      writeJson(tree, swcrcPath, json);
+    }
+  }
+
+  await formatFiles(tree);
+}
diff --git a/packages/js/src/utils/swc/add-swc-config.ts b/packages/js/src/utils/swc/add-swc-config.ts
index de0510d1b71796..004ccf8fc748ea 100644
--- a/packages/js/src/utils/swc/add-swc-config.ts
+++ b/packages/js/src/utils/swc/add-swc-config.ts
@@ -27,9 +27,7 @@ const swcOptionsString = (type: 'commonjs' | 'es6' = 'commonjs') => `{
     "loose": true
   },
   "module": {
-    "type": "${type}",
-    "strict": true,
-    "noInterop": true
+    "type": "${type}"
   },
   "sourceMaps": true,
   "exclude": ${JSON.stringify(defaultExclude)}
diff --git a/packages/js/src/utils/versions.ts b/packages/js/src/utils/versions.ts
index 6a8510449504b2..41de720b762edb 100644
--- a/packages/js/src/utils/versions.ts
+++ b/packages/js/src/utils/versions.ts
@@ -3,8 +3,8 @@ export const nxVersion = require('../../package.json').version;
 export const esbuildVersion = '^0.17.17';
 export const prettierVersion = '^2.6.2';
 export const swcCliVersion = '~0.1.62';
-export const swcCoreVersion = '~1.3.51';
-export const swcHelpersVersion = '~0.5.0';
+export const swcCoreVersion = '~1.3.85';
+export const swcHelpersVersion = '~0.5.2';
 export const swcNodeVersion = '~1.4.2';
 export const tsLibVersion = '^2.3.0';
 export const typesNodeVersion = '18.7.1';