diff --git a/nuget/Microsoft.Windows.CsWinRT.targets b/nuget/Microsoft.Windows.CsWinRT.targets
index 8fe95eaa2f..0d40334d6a 100644
--- a/nuget/Microsoft.Windows.CsWinRT.targets
+++ b/nuget/Microsoft.Windows.CsWinRT.targets
@@ -49,6 +49,7 @@ Copyright (C) Microsoft Corporation. All rights reserved.
     <CompilerVisibleProperty Include="CsWinRTRcwFactoryFallbackGeneratorForceOptIn" />
     <CompilerVisibleProperty Include="CsWinRTRcwFactoryFallbackGeneratorForceOptOut" />
     <CompilerVisibleProperty Include="CsWinRTCcwLookupTableGeneratorEnabled" />
+    <CompilerVisibleProperty Include="CsWinRTMergeReferencedActivationFactories" />
   </ItemGroup>
 
   <Import Project="$(MSBuildThisFileDirectory)Microsoft.Windows.CsWinRT.Embedded.targets" Condition="'$(CsWinRTEmbedded)' == 'true'"/>
@@ -310,6 +311,11 @@ $(CsWinRTInternalProjection)
     <CsWinRTEnableIDynamicInterfaceCastableSupport Condition="'$(CsWinRTEnableIDynamicInterfaceCastableSupport)' == ''">true</CsWinRTEnableIDynamicInterfaceCastableSupport>
   </PropertyGroup>
 
+  <!-- Default values for all other CsWinRT properties (without feature switches) -->
+  <PropertyGroup>
+    <CsWinRTMergeReferencedActivationFactories Condition="'$(CsWinRTMergeReferencedActivationFactories)' == ''">false</CsWinRTMergeReferencedActivationFactories>
+  </PropertyGroup>
+
   <!--
     Configuration for the feature switches (to support IL trimming).
     See the 'ILLink.Substitutions.xml' file for more details on that.
diff --git a/nuget/readme.md b/nuget/readme.md
index c09a283bf6..520197b8c0 100644
--- a/nuget/readme.md
+++ b/nuget/readme.md
@@ -47,6 +47,7 @@ C#/WinRT behavior can be customized with these project properties:
 | CsWinRTIIDOptimizerOptOut | true \| *false | Determines whether to run the IIDOptimizer on the projection assembly |
 | CsWinRTRcwFactoryFallbackGeneratorForceOptIn | true \| *false | Forces the RCW factory fallback generator to be enabled (it only runs on .exe projects by default)  |
 | CsWinRTRcwFactoryFallbackGeneratorForceOptOut | true \| *false | Forces the RCW factory fallback generator to be disabled (overrides "ForceOptIn" as well)  |
+| CsWinRTMergeReferencedActivationFactories | true \| *false | Makes the native `DllGetActivationFactory` exported function for AOT scenarios also forward the activation call to all referenced WinRT components, allowing them to all be merged into a single executable or shared library |
 \*Default value
 
 **If CsWinRTFilters is not defined, the following effective value is used:
diff --git a/src/Authoring/WinRT.SourceGenerator/Extensions/SymbolExtensions.cs b/src/Authoring/WinRT.SourceGenerator/Extensions/SymbolExtensions.cs
index 5a8f443d2c..215729e827 100644
--- a/src/Authoring/WinRT.SourceGenerator/Extensions/SymbolExtensions.cs
+++ b/src/Authoring/WinRT.SourceGenerator/Extensions/SymbolExtensions.cs
@@ -1,4 +1,5 @@
 using System.Collections.Generic;
+using System.Diagnostics.CodeAnalysis;
 using System.Linq;
 using Microsoft.CodeAnalysis;
 
@@ -51,4 +52,39 @@ static bool IsAnyContainingTypePublic(IEnumerable<ISymbol> symbols)
             _ => false
         };
     }
+
+    /// <summary>
+    /// Tries to get an attribute with the specified type.
+    /// </summary>
+    /// <param name="symbol">The input <see cref="ISymbol"/> instance to check.</param>
+    /// <param name="typeSymbol">The <see cref="ITypeSymbol"/> instance for the attribute type to look for.</param>
+    /// <param name="attributeData">The resulting attribute, if it was found.</param>
+    /// <returns>Whether or not <paramref name="symbol"/> has an attribute with the specified name.</returns>
+    public static bool TryGetAttributeWithType(this ISymbol symbol, ITypeSymbol typeSymbol, [NotNullWhen(true)] out AttributeData? attributeData)
+    {
+        foreach (AttributeData attribute in symbol.GetAttributes())
+        {
+            if (SymbolEqualityComparer.Default.Equals(attribute.AttributeClass, typeSymbol))
+            {
+                attributeData = attribute;
+
+                return true;
+            }
+        }
+
+        attributeData = null;
+
+        return false;
+    }
+
+    /// <summary>
+    /// Checks whether a given symbol is accessible from the assembly of a given compilation (including eg. through nested types).
+    /// </summary>
+    /// <param name="symbol">The input <see cref="ISymbol"/> instance.</param>
+    /// <param name="compilation">The <see cref="Compilation"/> instance currently in use.</param>
+    /// <returns>Whether <paramref name="symbol"/> is accessible from the assembly for <paramref name="compilation"/>.</returns>
+    public static bool IsAccessibleFromCompilationAssembly(this ISymbol symbol, Compilation compilation)
+    {
+        return compilation.IsSymbolAccessibleWithin(symbol, compilation.Assembly);
+    }
 }
diff --git a/src/Authoring/WinRT.SourceGenerator/Generator.cs b/src/Authoring/WinRT.SourceGenerator/Generator.cs
index 370e2c4379..04f6b9045b 100644
--- a/src/Authoring/WinRT.SourceGenerator/Generator.cs
+++ b/src/Authoring/WinRT.SourceGenerator/Generator.cs
@@ -236,7 +236,14 @@ public static int DllGetActivationFactory(void* activatableClassId, void** facto
 
                             try
                             {
-                                IntPtr obj = GetActivationFactory(MarshalString.FromAbiUnsafe((IntPtr)activatableClassId));
+                                scoped ReadOnlySpan<char> fullyQualifiedTypeName = MarshalString.FromAbiUnsafe((IntPtr)activatableClassId);
+
+                                IntPtr obj = GetActivationFactory(fullyQualifiedTypeName);
+
+                                if ((void*)obj is null)
+                                {
+                                    obj = TryGetDependentActivationFactory(fullyQualifiedTypeName);
+                                }
 
                                 if ((void*)obj is null)
                                 {
@@ -273,6 +280,56 @@ public static int DllCanUnloadNow()
                 }
                 """);
         }
+
+        /// <summary>
+        /// Generates the native exports for a WinRT component.
+        /// </summary>
+        /// <param name="context">The <see cref="GeneratorExecutionContext"/> value to use to produce source files.</param>
+        public static void GenerateWinRTExportsType(GeneratorExecutionContext context)
+        {
+            if (context.Compilation.AssemblyName is not { Length: > 0 } assemblyName)
+            {
+                return;
+            }
+
+            // Make sure to escape invalid characters for namespace names.
+            // See ECMA 335, II.6.2 and II.5.2/3.
+            if (assemblyName.AsSpan().IndexOfAny("$@`?".AsSpan()) != -1)
+            {
+                char[] buffer = new char[assemblyName.Length];
+
+                for (int i = 0; i < assemblyName.Length; i++)
+                {
+                    buffer[i] = assemblyName[i] is '$' or '@' or '`' or '?'
+                        ? '_'
+                        : assemblyName[i];
+                }
+
+                assemblyName = new string(buffer);
+            }
+
+            context.AddSource("ExportsType.g.cs", $$"""
+                // <auto-generated/>
+                #pragma warning disable
+
+                [assembly: global::WinRT.WinRTAssemblyExportsType(typeof(ABI.Exports.{{assemblyName}}.Module))]
+                
+                namespace ABI.Exports.{{assemblyName}}
+                {
+                    using global::System;
+
+                    /// <inheritdoc cref="global::WinRT.Module"/>
+                    public static partial class Module
+                    {
+                        /// <inheritdoc cref="global::WinRT.Module.GetActivationFactory(ReadOnlySpan{char})"/>
+                        public static IntPtr GetActivationFactory(ReadOnlySpan<char> runtimeClassId)
+                        {
+                            return global::WinRT.Module.GetActivationFactory(runtimeClassId);
+                        }
+                    }
+                }
+                """);
+        }
     }
 
     [Generator]
@@ -289,11 +346,17 @@ public void Execute(GeneratorExecutionContext context)
             ComponentGenerator generator = new(context);
             generator.Generate();
 
-            // Also emit the native exports for NAOT compiled WinRT components, if needed
+            // Emit the native exports for NAOT compiled WinRT components, if needed
             if (context.IsCsWinRTComponent() && context.ShouldGenerateWinRTNativeExports())
             {
                 ComponentGenerator.GenerateWinRTNativeExports(context);
             }
+
+            // Also emit the unique exported 'Module' type to avoid ambiguities in some scenarios (eg. merging)
+            if (context.IsCsWinRTComponent())
+            {
+                ComponentGenerator.GenerateWinRTExportsType(context);
+            }
         }
 
         public void Initialize(GeneratorInitializationContext context)
diff --git a/src/Authoring/WinRT.SourceGenerator/Helper.cs b/src/Authoring/WinRT.SourceGenerator/Helper.cs
index d06a1ff1c3..ee087bac12 100644
--- a/src/Authoring/WinRT.SourceGenerator/Helper.cs
+++ b/src/Authoring/WinRT.SourceGenerator/Helper.cs
@@ -123,6 +123,16 @@ public static bool GetCsWinRTRcwFactoryFallbackGeneratorForceOptIn(this Analyzer
             return false;
         }
 
+        public static bool GetCsWinRTMergeReferencedActivationFactories(this AnalyzerConfigOptionsProvider provider)
+        {
+            if (provider.GlobalOptions.TryGetValue("build_property.CsWinRTMergeReferencedActivationFactories", out var csWinRTMergeReferencedActivationFactories))
+            {
+                return bool.TryParse(csWinRTMergeReferencedActivationFactories, out var isCsWinRTMergeReferencedActivationFactories) && isCsWinRTMergeReferencedActivationFactories;
+            }
+
+            return false;
+        }
+
         public static bool GetCsWinRTRcwFactoryFallbackGeneratorForceOptOut(this AnalyzerConfigOptionsProvider provider)
         {
             if (provider.GlobalOptions.TryGetValue("build_property.CsWinRTRcwFactoryFallbackGeneratorForceOptOut", out var csWinRTRcwFactoryFallbackGeneratorForceOptOut))
diff --git a/src/Authoring/WinRT.SourceGenerator/MergeReferencedActivationFactoriesGenerator.cs b/src/Authoring/WinRT.SourceGenerator/MergeReferencedActivationFactoriesGenerator.cs
new file mode 100644
index 0000000000..4047ea827d
--- /dev/null
+++ b/src/Authoring/WinRT.SourceGenerator/MergeReferencedActivationFactoriesGenerator.cs
@@ -0,0 +1,175 @@
+// Copyright (c) Microsoft Corporation.
+// Licensed under the MIT License.
+
+using System.Collections.Immutable;
+using System.Diagnostics.CodeAnalysis;
+using System.Linq;
+using System.Text;
+using System.Threading;
+using Microsoft.CodeAnalysis;
+using WinRT.SourceGenerator;
+
+#nullable enable
+
+namespace Generator;
+
+[Generator]
+public sealed class MergeReferencedActivationFactoriesGenerator : IIncrementalGenerator
+{
+    /// <inheritdoc/>
+    public void Initialize(IncrementalGeneratorInitializationContext context)
+    {
+        // Get whether the generator is enabled
+        IncrementalValueProvider<bool> isGeneratorEnabled = context.AnalyzerConfigOptionsProvider.Select(static (options, token) =>
+        {
+            return options.GetCsWinRTMergeReferencedActivationFactories();
+        });
+
+        // Get the fully qualified type names of all assembly exports types to merge
+        IncrementalValueProvider<EquatableArray<string>> assemblyExportsTypeNames =
+            context.CompilationProvider
+            .Combine(isGeneratorEnabled)
+            .Select(static (item, token) =>
+            {
+                // Immediately bail if the generator is disabled
+                if (!item.Right)
+                {
+                    return new EquatableArray<string>(ImmutableArray<string>.Empty);
+                }
+
+                ImmutableArray<string>.Builder builder = ImmutableArray.CreateBuilder<string>();
+
+                foreach (MetadataReference metadataReference in item.Left.References)
+                {
+                    token.ThrowIfCancellationRequested();
+
+                    if (item.Left.GetAssemblyOrModuleSymbol(metadataReference) is not IAssemblySymbol assemblySymbol)
+                    {
+                        continue;
+                    }
+
+                    token.ThrowIfCancellationRequested();
+
+                    // Add the type name if the assembly is a WinRT component
+                    if (TryGetDependentAssemblyExportsTypeName(
+                        assemblySymbol,
+                        item.Left,
+                        token,
+                        out string? name))
+                    {
+                        builder.Add(name);
+                    }
+                }
+
+                token.ThrowIfCancellationRequested();
+
+                return new EquatableArray<string>(builder.ToImmutable());
+            });
+
+        // Generate the chaining helper
+        context.RegisterImplementationSourceOutput(assemblyExportsTypeNames, static (context, assemblyExportsTypeNames) =>
+        {
+            StringBuilder builder = new();
+
+            builder.AppendLine("""
+                // <auto-generated/>
+                #pragma warning disable
+
+                namespace WinRT
+                {
+                    using global::System;
+
+                    /// <inheritdoc cref="Module"/>
+                    partial class Module
+                    {
+                        /// <summary>
+                        /// Tries to retrieve the activation factory from all dependent WinRT components.
+                        /// </summary>
+                        /// <param name="fullyQualifiedTypeName">The marshalled fully qualified type name of the activation factory to retrieve.</param>
+                        /// <returns>The pointer to the activation factory that corresponds with the class specified by <paramref name="fullyQualifiedTypeName"/>.</returns>
+                        internal static unsafe IntPtr TryGetDependentActivationFactory(ReadOnlySpan<char> fullyQualifiedTypeName)
+                        {                  
+                """);
+
+            if (!assemblyExportsTypeNames.IsEmpty)
+            {
+                builder.AppendLine("            IntPtr obj;");
+                builder.AppendLine();
+            }
+
+            foreach (string assemblyExportsTypeName in assemblyExportsTypeNames)
+            {
+                builder.AppendLine($$"""
+                                obj = global::{{assemblyExportsTypeName}}.GetActivationFactory(fullyQualifiedTypeName);
+
+                                if ((void*)obj is not null)
+                                {
+                                    return obj;
+                                }
+
+                    """);
+            }
+
+            builder.AppendLine("""
+                            return default;
+                        }
+                    }
+                }
+                """);
+
+            context.AddSource("ChainedExports.g.cs", builder.ToString());
+        });
+    }
+
+    /// <summary>
+    /// Tries to get the name of a dependent WinRT component from a given assembly.
+    /// </summary>
+    /// <param name="assemblySymbol">The assembly symbol to analyze.</param>
+    /// <param name="compilation">The <see cref="Compilation"/> instance to use.</param>
+    /// <param name="token">The <see cref="CancellationToken"/> instance to use.</param>
+    /// <param name="name">The resulting type name, if found.</param>
+    /// <returns>Whether a type name was found.</returns>
+    private static bool TryGetDependentAssemblyExportsTypeName(
+        IAssemblySymbol assemblySymbol,
+        Compilation compilation,
+        CancellationToken token,
+        [NotNullWhen(true)] out string? name)
+    {
+        // Get the attribute to lookup to find the target type to use
+        INamedTypeSymbol winRTAssemblyExportsTypeAttributeSymbol = compilation.GetTypeByMetadataName("WinRT.WinRTAssemblyExportsTypeAttribute")!;
+
+        // Make sure the assembly does have the attribute on it
+        if (!assemblySymbol.TryGetAttributeWithType(winRTAssemblyExportsTypeAttributeSymbol, out AttributeData? attributeData))
+        {
+            name = null;
+
+            return false;
+        }
+
+        token.ThrowIfCancellationRequested();
+
+        // Sanity check: we should have a valid type in the annotation
+        if (attributeData.ConstructorArguments is not [{ Kind: TypedConstantKind.Type, Value: INamedTypeSymbol assemblyExportsTypeSymbol }])
+        {
+            name = null;
+
+            return false;
+        }
+
+        token.ThrowIfCancellationRequested();
+
+        // Other sanity check: this type should be accessible from this compilation
+        if (!assemblyExportsTypeSymbol.IsAccessibleFromCompilationAssembly(compilation))
+        {
+            name = null;
+
+            return false;
+        }
+
+        token.ThrowIfCancellationRequested();
+
+        name = assemblyExportsTypeSymbol.ToDisplayString();
+
+        return true;
+    }
+}
diff --git a/src/Tests/DiagnosticTests/DiagnosticTests.csproj b/src/Tests/DiagnosticTests/DiagnosticTests.csproj
index bbf84c04e5..21d860027a 100644
--- a/src/Tests/DiagnosticTests/DiagnosticTests.csproj
+++ b/src/Tests/DiagnosticTests/DiagnosticTests.csproj
@@ -3,6 +3,7 @@
   <PropertyGroup>
     <TargetFrameworks>$(TestsBuildTFMs)</TargetFrameworks>
     <IsPackable>false</IsPackable>
+    <AllowUnsafeBlocks>true</AllowUnsafeBlocks>
   </PropertyGroup>
 
   <ItemGroup>
diff --git a/src/WinRT.Runtime/Attributes.cs b/src/WinRT.Runtime/Attributes.cs
index efb598f0e4..ef1270c06d 100644
--- a/src/WinRT.Runtime/Attributes.cs
+++ b/src/WinRT.Runtime/Attributes.cs
@@ -203,6 +203,33 @@ public WinRTRuntimeClassNameAttribute(string runtimeClassName)
         public string RuntimeClassName { get; }
     }
 
+    /// <summary>
+    /// An attribute used to indicate which generated type contains the exported functions for a given WinRT component assembly.
+    /// </summary>
+    [EditorBrowsable(EditorBrowsableState.Never)]
+    [AttributeUsage(AttributeTargets.Assembly, Inherited = false, AllowMultiple = false)]
+#if EMBED
+    internal
+#else
+    public
+#endif
+    sealed class WinRTAssemblyExportsTypeAttribute : Attribute
+    {
+        /// <summary>
+        /// Creates a new <see cref="WinRTAssemblyExportsTypeAttribute"/> instance with the specified parameters.
+        /// </summary>
+        /// <param name="type">The type containing the exported functions for the current WinRT component assembly.</param>
+        public WinRTAssemblyExportsTypeAttribute(Type type)
+        {
+            Type = type;
+        }
+
+        /// <summary>
+        /// Gets the type containing the exported functions for the current WinRT component assembly
+        /// </summary>
+        public Type Type { get; }
+    }
+
 #endif
 }
 
diff --git a/src/WinRT.Runtime/MatchingRefApiCompatBaseline.txt b/src/WinRT.Runtime/MatchingRefApiCompatBaseline.txt
index 1276f89575..93a8254145 100644
--- a/src/WinRT.Runtime/MatchingRefApiCompatBaseline.txt
+++ b/src/WinRT.Runtime/MatchingRefApiCompatBaseline.txt
@@ -267,4 +267,5 @@ MembersMustExist : Member 'public void WinRT.ComWrappersHelper.Init(System.Boole
 MembersMustExist : Member 'public System.Guid ABI.System.EventHandler<T>.IID.get()' does not exist in the reference but it does exist in the implementation.
 MembersMustExist : Member 'public System.Guid ABI.System.Collections.Specialized.NotifyCollectionChangedEventHandler.IID.get()' does not exist in the reference but it does exist in the implementation.
 MembersMustExist : Member 'public System.Guid ABI.System.ComponentModel.PropertyChangedEventHandler.IID.get()' does not exist in the reference but it does exist in the implementation.
-Total Issues: 268
+TypesMustExist : Type 'WinRT.WinRTAssemblyExportsTypeAttribute' does not exist in the reference but it does exist in the implementation.
+Total Issues: 269