Build fails with `composite: true` in `tsconfig.json`

I'm not sure if this is as designed or a bug. Any help is appreciated!

I have a npm workspace that uses TypeScript. All the packages have composite: true so they can be consumed by other packages using TypeScript references. When I try to use ncc to build one of the packages. the building fails. It succeeds if I set composite to false.

See the reproduction example in https://github.com/chubei-urus/ncc-demo.