diff --git a/docs/packages/Parser.mdx b/docs/packages/Parser.mdx
index 3fc4fed317b..efaa66924ce 100644
--- a/docs/packages/Parser.mdx
+++ b/docs/packages/Parser.mdx
@@ -40,10 +40,11 @@ interface ParserOptions {
   ecmaVersion?: number | 'latest';
   emitDecoratorMetadata?: boolean;
   extraFileExtensions?: string[];
+  jsDocParsingMode?: 'all' | 'none' | 'type-info';
   jsxFragmentName?: string | null;
   jsxPragma?: string | null;
   lib?: string[];
-  program?: import('typescript').Program;
+  programs?: import('typescript').Program;
   project?: string | string[] | true;
   projectFolderIgnoreList?: string[];
   tsconfigRootDir?: string;
@@ -118,6 +119,21 @@ This option allows you to provide one or more additional file extensions which s
 The default extensions are `['.js', '.mjs', '.cjs', '.jsx', '.ts', '.mts', '.cts', '.tsx']`.
 Add extensions starting with `.`, followed by the file extension. E.g. for a `.vue` file use `"extraFileExtensions": [".vue"]`.
 
+### `jsDocParsingMode`
+
+> Default if `parserOptions.project` is set, then `'all'`, otherwise `'none'`
+
+When TS parses a file it will also parse JSDoc comments into the AST - which can then be consumed by lint rules.
+If you are using TypeScript version >=5.3 then this option can be used as a performance optimization.
+
+The valid values for this rule are:
+
+- `'all'` - parse all JSDoc comments, always.
+- `'none'` - parse no JSDoc comments, ever.
+- `'type-info'` - parse just JSDoc comments that are required to provide correct type-info. TS will always parse JSDoc in non-TS files, but never in TS files.
+
+If you do not use lint rules like `eslint-plugin-deprecation` that rely on TS's JSDoc tag representation, then you can set this to `'none'` to improve parser performance.
+
 ### `jsxFragmentName`
 
 > Default `null`
@@ -149,7 +165,7 @@ Specifies the TypeScript `lib`s that are available. This is used by the scope an
 
 If you provide `parserOptions.project`, you do not need to set this, as it will automatically detected from the compiler.
 
-### `program`
+### `programs`
 
 > Default `undefined`.
 
diff --git a/docs/packages/TypeScript_ESTree.mdx b/docs/packages/TypeScript_ESTree.mdx
index 6354565e828..610f641d384 100644
--- a/docs/packages/TypeScript_ESTree.mdx
+++ b/docs/packages/TypeScript_ESTree.mdx
@@ -70,6 +70,18 @@ interface ParseOptions {
    */
   filePath?: string;
 
+  /**
+   * If you are using TypeScript version >=5.3 then this option can be used as a performance optimization.
+   *
+   * The valid values for this rule are:
+   * - `'all'` - parse all JSDoc comments, always.
+   * - `'none'` - parse no JSDoc comments, ever.
+   * - `'type-info'` - parse just JSDoc comments that are required to provide correct type-info. TS will always parse JSDoc in non-TS files, but never in TS files.
+   *
+   * If you do not rely on JSDoc tags from the TypeScript AST, then you can safely set this to `'none'` to improve performance.
+   */
+  jsDocParsingMode?: JSDocParsingMode;
+
   /**
    * Enable parsing of JSX.
    * For more details, see https://www.typescriptlang.org/docs/handbook/jsx.html
@@ -111,6 +123,7 @@ interface ParseOptions {
 const PARSE_DEFAULT_OPTIONS: ParseOptions = {
   comment: false,
   filePath: 'estree.ts', // or 'estree.tsx', if you pass jsx: true
+  jsDocParsingMode: 'all',
   jsx: false,
   loc: false,
   loggerFn: undefined,
diff --git a/packages/types/src/parser-options.ts b/packages/types/src/parser-options.ts
index bf1655125dc..885645f4bba 100644
--- a/packages/types/src/parser-options.ts
+++ b/packages/types/src/parser-options.ts
@@ -32,6 +32,9 @@ type EcmaVersion =
 type SourceTypeClassic = 'module' | 'script';
 type SourceType = SourceTypeClassic | 'commonjs';
 
+type JSDocParsingMode = 'all' | 'none' | 'type-info';
+
+// If you add publicly visible options here, make sure they're also documented in `docs/packages/Parser.mdx`
 interface ParserOptions {
   ecmaFeatures?: {
     globalReturn?: boolean;
@@ -57,8 +60,9 @@ interface ParserOptions {
   EXPERIMENTAL_useSourceOfProjectReferenceRedirect?: boolean; // purposely undocumented for now
   extraFileExtensions?: string[];
   filePath?: string;
+  jsDocParsingMode?: JSDocParsingMode;
   loc?: boolean;
-  program?: Program | null;
+  programs?: Program | null;
   project?: string[] | string | true | null;
   projectFolderIgnoreList?: (RegExp | string)[];
   range?: boolean;
@@ -77,6 +81,7 @@ export {
   CacheDurationSeconds,
   DebugLevel,
   EcmaVersion,
+  JSDocParsingMode,
   ParserOptions,
   SourceType,
 };
diff --git a/packages/typescript-estree/src/create-program/createDefaultProgram.ts b/packages/typescript-estree/src/create-program/createDefaultProgram.ts
index e9660337f93..b42ec76c678 100644
--- a/packages/typescript-estree/src/create-program/createDefaultProgram.ts
+++ b/packages/typescript-estree/src/create-program/createDefaultProgram.ts
@@ -59,7 +59,7 @@ function createDefaultProgram(
     [parseSettings.filePath],
     {
       ...commandLine.options,
-      jsDocParsingMode: ts.JSDocParsingMode?.ParseForTypeInfo,
+      jsDocParsingMode: parseSettings.jsDocParsingMode,
     },
     compilerHost,
   );
diff --git a/packages/typescript-estree/src/create-program/createIsolatedProgram.ts b/packages/typescript-estree/src/create-program/createIsolatedProgram.ts
index ae646e6ad7b..fbe92867dcc 100644
--- a/packages/typescript-estree/src/create-program/createIsolatedProgram.ts
+++ b/packages/typescript-estree/src/create-program/createIsolatedProgram.ts
@@ -65,7 +65,7 @@ function createIsolatedProgram(
   const program = ts.createProgram(
     [parseSettings.filePath],
     {
-      jsDocParsingMode: ts.JSDocParsingMode?.ParseForTypeInfo,
+      jsDocParsingMode: parseSettings.jsDocParsingMode,
       noResolve: true,
       target: ts.ScriptTarget.Latest,
       jsx: parseSettings.jsx ? ts.JsxEmit.Preserve : undefined,
diff --git a/packages/typescript-estree/src/create-program/createProjectService.ts b/packages/typescript-estree/src/create-program/createProjectService.ts
index 0bd4cefd40b..380dec18f4c 100644
--- a/packages/typescript-estree/src/create-program/createProjectService.ts
+++ b/packages/typescript-estree/src/create-program/createProjectService.ts
@@ -9,7 +9,9 @@ const createStubFileWatcher = (): ts.FileWatcher => ({
 
 export type TypeScriptProjectService = ts.server.ProjectService;
 
-export function createProjectService(): TypeScriptProjectService {
+export function createProjectService(
+  jsDocParsingMode?: ts.JSDocParsingMode,
+): TypeScriptProjectService {
   // We import this lazily to avoid its cost for users who don't use the service
   // TODO: Once we drop support for TS<5.3 we can import from "typescript" directly
   const tsserver = require('typescript/lib/tsserverlibrary') as typeof ts;
@@ -45,6 +47,6 @@ export function createProjectService(): TypeScriptProjectService {
       startGroup: doNothing,
     },
     session: undefined,
-    jsDocParsingMode: tsserver.JSDocParsingMode?.ParseForTypeInfo,
+    jsDocParsingMode,
   });
 }
diff --git a/packages/typescript-estree/src/create-program/createSourceFile.ts b/packages/typescript-estree/src/create-program/createSourceFile.ts
index cd021bfced3..bb5bc9d7b8f 100644
--- a/packages/typescript-estree/src/create-program/createSourceFile.ts
+++ b/packages/typescript-estree/src/create-program/createSourceFile.ts
@@ -22,7 +22,7 @@ function createSourceFile(parseSettings: ParseSettings): ts.SourceFile {
         parseSettings.codeFullText,
         {
           languageVersion: ts.ScriptTarget.Latest,
-          jsDocParsingMode: ts.JSDocParsingMode?.ParseNone,
+          jsDocParsingMode: parseSettings.jsDocParsingMode,
         },
         /* setParentNodes */ true,
         getScriptKind(parseSettings.filePath, parseSettings.jsx),
diff --git a/packages/typescript-estree/src/create-program/getWatchProgramsForProjects.ts b/packages/typescript-estree/src/create-program/getWatchProgramsForProjects.ts
index c0175245f8e..21178000ee5 100644
--- a/packages/typescript-estree/src/create-program/getWatchProgramsForProjects.ts
+++ b/packages/typescript-estree/src/create-program/getWatchProgramsForProjects.ts
@@ -267,7 +267,7 @@ function createWatchProgram(
     // eslint-disable-next-line @typescript-eslint/no-empty-function
     /*reportWatchStatus*/ () => {},
   ) as WatchCompilerHostOfConfigFile<ts.BuilderProgram>;
-  watchCompilerHost.jsDocParsingMode = ts.JSDocParsingMode?.ParseForTypeInfo;
+  watchCompilerHost.jsDocParsingMode = parseSettings.jsDocParsingMode;
 
   // ensure readFile reads the code being linted instead of the copy on disk
   const oldReadFile = watchCompilerHost.readFile;
diff --git a/packages/typescript-estree/src/parseSettings/createParseSettings.ts b/packages/typescript-estree/src/parseSettings/createParseSettings.ts
index 537ad85baad..50c39898f49 100644
--- a/packages/typescript-estree/src/parseSettings/createParseSettings.ts
+++ b/packages/typescript-estree/src/parseSettings/createParseSettings.ts
@@ -1,5 +1,5 @@
 import debug from 'debug';
-import type * as ts from 'typescript';
+import * as ts from 'typescript';
 
 import type { TypeScriptProjectService } from '../create-program/createProjectService';
 import { createProjectService } from '../create-program/createProjectService';
@@ -23,6 +23,15 @@ const log = debug(
 let TSCONFIG_MATCH_CACHE: ExpiringCache<string, string> | null;
 let TSSERVER_PROJECT_SERVICE: TypeScriptProjectService | null = null;
 
+// NOTE - we intentionally use "unnecessary" `?.` here because in TS<5.3 this enum doesn't exist
+// This object exists so we can centralize these for tracking and so we don't proliferate these across the file
+const JSDocParsingMode = {
+  ParseAll: ts.JSDocParsingMode?.ParseAll,
+  ParseNone: ts.JSDocParsingMode?.ParseNone,
+  ParseForTypeErrors: ts.JSDocParsingMode?.ParseForTypeErrors,
+  ParseForTypeInfo: ts.JSDocParsingMode?.ParseForTypeInfo,
+} as const;
+
 export function createParseSettings(
   code: ts.SourceFile | string,
   options: Partial<TSESTreeOptions> = {},
@@ -34,6 +43,22 @@ export function createParseSettings(
       ? options.tsconfigRootDir
       : process.cwd();
   const passedLoggerFn = typeof options.loggerFn === 'function';
+  const jsDocParsingMode = ((): ts.JSDocParsingMode => {
+    switch (options.jsDocParsingMode) {
+      case 'all':
+        return JSDocParsingMode.ParseAll;
+
+      case 'none':
+        return JSDocParsingMode.ParseNone;
+
+      case 'type-info':
+        return JSDocParsingMode.ParseForTypeInfo;
+
+      default:
+        return JSDocParsingMode.ParseAll;
+    }
+  })();
+
   const parseSettings: MutableParseSettings = {
     allowInvalidAST: options.allowInvalidAST === true,
     code,
@@ -56,7 +81,7 @@ export function createParseSettings(
         process.env.TYPESCRIPT_ESLINT_EXPERIMENTAL_TSSERVER !== 'false') ||
       (process.env.TYPESCRIPT_ESLINT_EXPERIMENTAL_TSSERVER === 'true' &&
         options.EXPERIMENTAL_useProjectService !== false)
-        ? (TSSERVER_PROJECT_SERVICE ??= createProjectService())
+        ? (TSSERVER_PROJECT_SERVICE ??= createProjectService(jsDocParsingMode))
         : undefined,
     EXPERIMENTAL_useSourceOfProjectReferenceRedirect:
       options.EXPERIMENTAL_useSourceOfProjectReferenceRedirect === true,
@@ -71,6 +96,7 @@ export function createParseSettings(
         : getFileName(options.jsx),
       tsconfigRootDir,
     ),
+    jsDocParsingMode,
     jsx: options.jsx === true,
     loc: options.loc === true,
     log:
@@ -136,6 +162,17 @@ export function createParseSettings(
     });
   }
 
+  // No type-aware linting which means that cross-file (or even same-file) JSDoc is useless
+  // So in this specific case we default to 'none' if no value was provided
+  if (
+    options.jsDocParsingMode == null &&
+    parseSettings.projects.length === 0 &&
+    parseSettings.programs == null &&
+    parseSettings.EXPERIMENTAL_projectService == null
+  ) {
+    parseSettings.jsDocParsingMode = JSDocParsingMode.ParseNone;
+  }
+
   warnAboutTSVersion(parseSettings, passedLoggerFn);
 
   return parseSettings;
diff --git a/packages/typescript-estree/src/parseSettings/index.ts b/packages/typescript-estree/src/parseSettings/index.ts
index da093dedfed..352798be158 100644
--- a/packages/typescript-estree/src/parseSettings/index.ts
+++ b/packages/typescript-estree/src/parseSettings/index.ts
@@ -7,6 +7,12 @@ import type { CacheLike } from './ExpiringCache';
 
 type DebugModule = 'eslint' | 'typescript-eslint' | 'typescript';
 
+// Workaround to support new TS version features for consumers on old TS versions
+declare module 'typescript' {
+  // Added in TypeScript 5.3
+  enum JSDocParsingMode {}
+}
+
 /**
  * Internal settings used by the parser to run on a file.
  */
@@ -84,6 +90,11 @@ export interface MutableParseSettings {
    */
   filePath: string;
 
+  /**
+   * JSDoc parsing style to pass through to TypeScript
+   */
+  jsDocParsingMode: ts.JSDocParsingMode;
+
   /**
    * Whether parsing of JSX is enabled.
    *
diff --git a/packages/typescript-estree/src/parser-options.ts b/packages/typescript-estree/src/parser-options.ts
index 711ef4bca34..badd40ae8cf 100644
--- a/packages/typescript-estree/src/parser-options.ts
+++ b/packages/typescript-estree/src/parser-options.ts
@@ -1,6 +1,7 @@
 import type {
   CacheDurationSeconds,
   DebugLevel,
+  JSDocParsingMode,
 } from '@typescript-eslint/types';
 import type * as ts from 'typescript';
 
@@ -45,6 +46,18 @@ interface ParseOptions {
    */
   filePath?: string;
 
+  /**
+   * If you are using TypeScript version >=5.3 then this option can be used as a performance optimization.
+   *
+   * The valid values for this rule are:
+   * - `'all'` - parse all JSDoc comments, always.
+   * - `'none'` - parse no JSDoc comments, ever.
+   * - `'type-info'` - parse just JSDoc comments that are required to provide correct type-info. TS will always parse JSDoc in non-TS files, but never in TS files.
+   *
+   * If you do not rely on JSDoc tags from the TypeScript AST, then you can safely set this to `'none'` to improve performance.
+   */
+  jsDocParsingMode?: JSDocParsingMode;
+
   /**
    * Enable parsing of JSX.
    * For more details, see https://www.typescriptlang.org/docs/handbook/jsx.html
diff --git a/packages/website-eslint/build.ts b/packages/website-eslint/build.ts
index 85fb695499b..ef316770155 100644
--- a/packages/website-eslint/build.ts
+++ b/packages/website-eslint/build.ts
@@ -80,6 +80,9 @@ async function buildPackage(name: string, file: string): Promise<void> {
       assert: requireResolved('./src/mock/assert.js'),
       path: requireResolved('./src/mock/path.js'),
       typescript: requireResolved('./src/mock/typescript.js'),
+      'typescript/lib/tsserverlibrary': requireResolved(
+        './src/mock/typescript.js',
+      ),
       'lru-cache': requireResolved('./src/mock/lru-cache.js'),
     },
     plugins: [
diff --git a/packages/website/src/components/linter/config.ts b/packages/website/src/components/linter/config.ts
index d3c7319a8aa..4ae0a5987b6 100644
--- a/packages/website/src/components/linter/config.ts
+++ b/packages/website/src/components/linter/config.ts
@@ -17,6 +17,7 @@ export const defaultParseSettings: ParseSettings = {
   EXPERIMENTAL_useSourceOfProjectReferenceRedirect: false,
   extraFileExtensions: [],
   filePath: '',
+  jsDocParsingMode: window.ts?.JSDocParsingMode?.ParseAll,
   jsx: true,
   loc: true,
   log: console.log,