diff --git a/src/compiler/checker.ts b/src/compiler/checker.ts
index e369ab69a0f9e..0753ebbc38885 100644
--- a/src/compiler/checker.ts
+++ b/src/compiler/checker.ts
@@ -15256,24 +15256,32 @@ namespace ts {
             }
             return type;
 
-            function addSpans(texts: readonly string[], types: readonly Type[]): boolean {
+            function addSpans(texts: readonly string[] | string, types: readonly Type[]): boolean {
+                const isTextsArray = isArray(texts);
                 for (let i = 0; i < types.length; i++) {
                     const t = types[i];
+                    const addText = isTextsArray ? texts[i + 1] : texts;
                     if (t.flags & (TypeFlags.Literal | TypeFlags.Null | TypeFlags.Undefined)) {
                         text += getTemplateStringForType(t) || "";
-                        text += texts[i + 1];
+                        text += addText;
+                        if (!isTextsArray) return true;
                     }
                     else if (t.flags & TypeFlags.TemplateLiteral) {
                         text += (t as TemplateLiteralType).texts[0];
                         if (!addSpans((t as TemplateLiteralType).texts, (t as TemplateLiteralType).types)) return false;
-                        text += texts[i + 1];
+                        text += addText;
+                        if (!isTextsArray) return true;
                     }
                     else if (isGenericIndexType(t) || isPatternLiteralPlaceholderType(t)) {
                         newTypes.push(t);
                         newTexts.push(text);
-                        text = texts[i + 1];
+                        text = addText;
                     }
-                    else {
+                    else if (t.flags & TypeFlags.Intersection) {
+                        const added = addSpans(texts[i + 1], (t as IntersectionType).types);
+                        if (!added) return false;
+                    }
+                    else if (isTextsArray) {
                         return false;
                     }
                 }
diff --git a/tests/baselines/reference/templateLiteralIntersection.js b/tests/baselines/reference/templateLiteralIntersection.js
new file mode 100644
index 0000000000000..24a5a684a2e0f
--- /dev/null
+++ b/tests/baselines/reference/templateLiteralIntersection.js
@@ -0,0 +1,33 @@
+//// [templateLiteralIntersection.ts]
+// https://github.com/microsoft/TypeScript/issues/48034
+const a = 'a'
+
+type A = typeof a
+type MixA = A & {foo: string}
+
+type OriginA1 = `${A}`
+type OriginA2 = `${MixA}`
+
+type B = `${typeof a}`
+type MixB = B & { foo: string }
+
+type OriginB1 = `${B}`
+type OriginB2 = `${MixB}`
+
+type MixC = { foo: string } & A
+
+type OriginC = `${MixC}`
+
+type MixD<T extends string> =
+    `${T & { foo: string }}`
+type OriginD = `${MixD<A & { foo: string }> & { foo: string }}`;
+
+type E = `${A & {}}`;
+type MixE = E & {}
+type OriginE = `${MixE}`
+
+type OriginF = `${A}foo${A}`;
+
+//// [templateLiteralIntersection.js]
+// https://github.com/microsoft/TypeScript/issues/48034
+var a = 'a';
diff --git a/tests/baselines/reference/templateLiteralIntersection.symbols b/tests/baselines/reference/templateLiteralIntersection.symbols
new file mode 100644
index 0000000000000..031b081d203db
--- /dev/null
+++ b/tests/baselines/reference/templateLiteralIntersection.symbols
@@ -0,0 +1,80 @@
+=== tests/cases/compiler/templateLiteralIntersection.ts ===
+// https://github.com/microsoft/TypeScript/issues/48034
+const a = 'a'
+>a : Symbol(a, Decl(templateLiteralIntersection.ts, 1, 5))
+
+type A = typeof a
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+>a : Symbol(a, Decl(templateLiteralIntersection.ts, 1, 5))
+
+type MixA = A & {foo: string}
+>MixA : Symbol(MixA, Decl(templateLiteralIntersection.ts, 3, 17))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+>foo : Symbol(foo, Decl(templateLiteralIntersection.ts, 4, 17))
+
+type OriginA1 = `${A}`
+>OriginA1 : Symbol(OriginA1, Decl(templateLiteralIntersection.ts, 4, 29))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+
+type OriginA2 = `${MixA}`
+>OriginA2 : Symbol(OriginA2, Decl(templateLiteralIntersection.ts, 6, 22))
+>MixA : Symbol(MixA, Decl(templateLiteralIntersection.ts, 3, 17))
+
+type B = `${typeof a}`
+>B : Symbol(B, Decl(templateLiteralIntersection.ts, 7, 25))
+>a : Symbol(a, Decl(templateLiteralIntersection.ts, 1, 5))
+
+type MixB = B & { foo: string }
+>MixB : Symbol(MixB, Decl(templateLiteralIntersection.ts, 9, 22))
+>B : Symbol(B, Decl(templateLiteralIntersection.ts, 7, 25))
+>foo : Symbol(foo, Decl(templateLiteralIntersection.ts, 10, 17))
+
+type OriginB1 = `${B}`
+>OriginB1 : Symbol(OriginB1, Decl(templateLiteralIntersection.ts, 10, 31))
+>B : Symbol(B, Decl(templateLiteralIntersection.ts, 7, 25))
+
+type OriginB2 = `${MixB}`
+>OriginB2 : Symbol(OriginB2, Decl(templateLiteralIntersection.ts, 12, 22))
+>MixB : Symbol(MixB, Decl(templateLiteralIntersection.ts, 9, 22))
+
+type MixC = { foo: string } & A
+>MixC : Symbol(MixC, Decl(templateLiteralIntersection.ts, 13, 25))
+>foo : Symbol(foo, Decl(templateLiteralIntersection.ts, 15, 13))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+
+type OriginC = `${MixC}`
+>OriginC : Symbol(OriginC, Decl(templateLiteralIntersection.ts, 15, 31))
+>MixC : Symbol(MixC, Decl(templateLiteralIntersection.ts, 13, 25))
+
+type MixD<T extends string> =
+>MixD : Symbol(MixD, Decl(templateLiteralIntersection.ts, 17, 24))
+>T : Symbol(T, Decl(templateLiteralIntersection.ts, 19, 10))
+
+    `${T & { foo: string }}`
+>T : Symbol(T, Decl(templateLiteralIntersection.ts, 19, 10))
+>foo : Symbol(foo, Decl(templateLiteralIntersection.ts, 20, 12))
+
+type OriginD = `${MixD<A & { foo: string }> & { foo: string }}`;
+>OriginD : Symbol(OriginD, Decl(templateLiteralIntersection.ts, 20, 28))
+>MixD : Symbol(MixD, Decl(templateLiteralIntersection.ts, 17, 24))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+>foo : Symbol(foo, Decl(templateLiteralIntersection.ts, 21, 28))
+>foo : Symbol(foo, Decl(templateLiteralIntersection.ts, 21, 47))
+
+type E = `${A & {}}`;
+>E : Symbol(E, Decl(templateLiteralIntersection.ts, 21, 64))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+
+type MixE = E & {}
+>MixE : Symbol(MixE, Decl(templateLiteralIntersection.ts, 23, 21))
+>E : Symbol(E, Decl(templateLiteralIntersection.ts, 21, 64))
+
+type OriginE = `${MixE}`
+>OriginE : Symbol(OriginE, Decl(templateLiteralIntersection.ts, 24, 18))
+>MixE : Symbol(MixE, Decl(templateLiteralIntersection.ts, 23, 21))
+
+type OriginF = `${A}foo${A}`;
+>OriginF : Symbol(OriginF, Decl(templateLiteralIntersection.ts, 25, 24))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+>A : Symbol(A, Decl(templateLiteralIntersection.ts, 1, 13))
+
diff --git a/tests/baselines/reference/templateLiteralIntersection.types b/tests/baselines/reference/templateLiteralIntersection.types
new file mode 100644
index 0000000000000..d675ad0e0eb74
--- /dev/null
+++ b/tests/baselines/reference/templateLiteralIntersection.types
@@ -0,0 +1,64 @@
+=== tests/cases/compiler/templateLiteralIntersection.ts ===
+// https://github.com/microsoft/TypeScript/issues/48034
+const a = 'a'
+>a : "a"
+>'a' : "a"
+
+type A = typeof a
+>A : "a"
+>a : "a"
+
+type MixA = A & {foo: string}
+>MixA : MixA
+>foo : string
+
+type OriginA1 = `${A}`
+>OriginA1 : "a"
+
+type OriginA2 = `${MixA}`
+>OriginA2 : "a"
+
+type B = `${typeof a}`
+>B : "a"
+>a : "a"
+
+type MixB = B & { foo: string }
+>MixB : MixB
+>foo : string
+
+type OriginB1 = `${B}`
+>OriginB1 : "a"
+
+type OriginB2 = `${MixB}`
+>OriginB2 : "a"
+
+type MixC = { foo: string } & A
+>MixC : MixC
+>foo : string
+
+type OriginC = `${MixC}`
+>OriginC : "a"
+
+type MixD<T extends string> =
+>MixD : `${T & { foo: string; }}`
+
+    `${T & { foo: string }}`
+>foo : string
+
+type OriginD = `${MixD<A & { foo: string }> & { foo: string }}`;
+>OriginD : "a"
+>foo : string
+>foo : string
+
+type E = `${A & {}}`;
+>E : "a"
+
+type MixE = E & {}
+>MixE : MixE
+
+type OriginE = `${MixE}`
+>OriginE : "a"
+
+type OriginF = `${A}foo${A}`;
+>OriginF : "afooa"
+
diff --git a/tests/cases/compiler/templateLiteralIntersection.ts b/tests/cases/compiler/templateLiteralIntersection.ts
new file mode 100644
index 0000000000000..9a17d16bc2b2f
--- /dev/null
+++ b/tests/cases/compiler/templateLiteralIntersection.ts
@@ -0,0 +1,28 @@
+// https://github.com/microsoft/TypeScript/issues/48034
+const a = 'a'
+
+type A = typeof a
+type MixA = A & {foo: string}
+
+type OriginA1 = `${A}`
+type OriginA2 = `${MixA}`
+
+type B = `${typeof a}`
+type MixB = B & { foo: string }
+
+type OriginB1 = `${B}`
+type OriginB2 = `${MixB}`
+
+type MixC = { foo: string } & A
+
+type OriginC = `${MixC}`
+
+type MixD<T extends string> =
+    `${T & { foo: string }}`
+type OriginD = `${MixD<A & { foo: string }> & { foo: string }}`;
+
+type E = `${A & {}}`;
+type MixE = E & {}
+type OriginE = `${MixE}`
+
+type OriginF = `${A}foo${A}`;
\ No newline at end of file