diff --git a/target/linux/ramips/dts/mt7621_phicomm_k2p-32m.dts b/target/linux/ramips/dts/mt7621_phicomm_k2p-32m.dts
new file mode 100644
index 0000000000000000000000000000000000000000..2f744c895fd9b22f63e6564e18c844e4f45356a9
--- /dev/null
+++ b/target/linux/ramips/dts/mt7621_phicomm_k2p-32m.dts
@@ -0,0 +1,12 @@
+/dts-v1/;
+
+#include "mt7621_phicomm_k2p_default.dtsi"
+
+/ {
+	compatible = "phicomm,k2p-32m", "phicomm,k2p", "mediatek,mt7621-soc";
+	model = "Phicomm K2P (32M)";
+};
+
+&firmware {
+	reg = <0xa0000 0x1f60000>;
+};
diff --git a/target/linux/ramips/dts/mt7621_phicomm_k2p.dts b/target/linux/ramips/dts/mt7621_phicomm_k2p.dts
index fa02521ba6c115d925aefcf8a6144eedc445e8af..d7101d60048dbcbe9f86baab3a30c193e18d56ed 100644
--- a/target/linux/ramips/dts/mt7621_phicomm_k2p.dts
+++ b/target/linux/ramips/dts/mt7621_phicomm_k2p.dts
@@ -1,130 +1,7 @@
 /dts-v1/;
 
-#include "mt7621.dtsi"
+#include "mt7621_phicomm_k2p_default.dtsi"
 
-#include <dt-bindings/gpio/gpio.h>
-#include <dt-bindings/input/input.h>
-
-/ {
-	compatible = "phicomm,k2p", "mediatek,mt7621-soc";
-	model = "Phicomm K2P";
-
-	aliases {
-		led-boot = &led_blue;
-		led-failsafe = &led_blue;
-		led-running = &led_blue;
-		led-upgrade = &led_blue;
-	};
-
-	chosen {
-		bootargs = "console=ttyS0,57600";
-	};
-
-	leds {
-		compatible = "gpio-leds";
-
-		stat_r {
-			label = "k2p:red:status";
-			gpios = <&gpio 13 GPIO_ACTIVE_HIGH>;
-		};
-
-		stat_y {
-			label = "k2p:yellow:status";
-			gpios = <&gpio 14 GPIO_ACTIVE_LOW>;
-		};
-
-		led_blue: stat_b {
-			label = "k2p:blue:status";
-			gpios = <&gpio 15 GPIO_ACTIVE_LOW>;
-		};
-	};
-
-	keys {
-		compatible = "gpio-keys";
-
-		reset {
-			label = "reset";
-			gpios = <&gpio 3 GPIO_ACTIVE_LOW>;
-			linux,code = <KEY_RESTART>;
-		};
-	};
-};
-
-&spi0 {
-	status = "okay";
-
-	flash@0 {
-		compatible = "jedec,spi-nor";
-		reg = <0>;
-		spi-max-frequency = <10000000>;
-
-		partitions {
-			compatible = "fixed-partitions";
-			#address-cells = <1>;
-			#size-cells = <1>;
-
-			partition@0 {
-				label = "u-boot";
-				reg = <0x0 0x30000>;
-				read-only;
-			};
-
-			partition@30000 {
-				label = "u-boot-env";
-				reg = <0x30000 0x10000>;
-				read-only;
-			};
-
-			factory: partition@40000 {
-				label = "factory";
-				reg = <0x40000 0x10000>;
-				read-only;
-			};
-
-			partition@50000 {
-				label = "permanent_config";
-				reg = <0x50000 0x50000>;
-				read-only;
-			};
-
-			partition@a0000 {
-				compatible = "denx,uimage";
-				label = "firmware";
-				reg = <0xa0000 0xf60000>;
-			};
-		};
-	};
-};
-
-&pcie {
-	status = "okay";
-};
-
-&pcie0 {
-	mt76@0,0 {
-		reg = <0x0000 0 0 0 0>;
-		mediatek,mtd-eeprom = <&factory 0x0>;
-	};
-};
-
-&ethernet {
-	compatible = "mediatek,ralink-mt7621-eth";
-	mediatek,switch = <&gsw>;
-	mtd-mac-address = <&factory 0xe000>;
-};
-
-&switch0 {
-	/delete-property/ compatible;
-	phy-mode = "rgmii";
-};
-
-&gsw {
-	compatible = "mediatek,ralink-mt7621-gsw";
-};
-
-&state_default {
-	gpio {
-		groups = "i2c", "jtag";
-		function = "gpio";
-	};
+&firmware {
+	reg = <0xa0000 0xf60000>;
 };
diff --git a/target/linux/ramips/dts/mt7621_phicomm_k2p_default.dtsi b/target/linux/ramips/dts/mt7621_phicomm_k2p_default.dtsi
new file mode 100644
index 0000000000000000000000000000000000000000..cf38d43b449fd302e999f04271b065e0cbc84180
--- /dev/null
+++ b/target/linux/ramips/dts/mt7621_phicomm_k2p_default.dtsi
@@ -0,0 +1,129 @@
+
+#include "mt7621.dtsi"
+
+#include <dt-bindings/gpio/gpio.h>
+#include <dt-bindings/input/input.h>
+
+/ {
+	compatible = "phicomm,k2p", "mediatek,mt7621-soc";
+	model = "Phicomm K2P";
+
+	aliases {
+		led-boot = &led_blue;
+		led-failsafe = &led_blue;
+		led-running = &led_blue;
+		led-upgrade = &led_blue;
+	};
+
+	chosen {
+		bootargs = "console=ttyS0,57600";
+	};
+
+	leds {
+		compatible = "gpio-leds";
+
+		stat_r {
+			label = "k2p:red:status";
+			gpios = <&gpio 13 GPIO_ACTIVE_HIGH>;
+		};
+
+		stat_y {
+			label = "k2p:yellow:status";
+			gpios = <&gpio 14 GPIO_ACTIVE_LOW>;
+		};
+
+		led_blue: stat_b {
+			label = "k2p:blue:status";
+			gpios = <&gpio 15 GPIO_ACTIVE_LOW>;
+		};
+	};
+
+	keys {
+		compatible = "gpio-keys";
+
+		reset {
+			label = "reset";
+			gpios = <&gpio 3 GPIO_ACTIVE_LOW>;
+			linux,code = <KEY_RESTART>;
+		};
+	};
+};
+
+&spi0 {
+	status = "okay";
+
+	flash@0 {
+		compatible = "jedec,spi-nor";
+		reg = <0>;
+		spi-max-frequency = <10000000>;
+
+		partitions {
+			compatible = "fixed-partitions";
+			#address-cells = <1>;
+			#size-cells = <1>;
+
+			partition@0 {
+				label = "u-boot";
+				reg = <0x0 0x30000>;
+				read-only;
+			};
+
+			partition@30000 {
+				label = "u-boot-env";
+				reg = <0x30000 0x10000>;
+				read-only;
+			};
+
+			factory: partition@40000 {
+				label = "factory";
+				reg = <0x40000 0x10000>;
+				read-only;
+			};
+
+			partition@50000 {
+				label = "permanent_config";
+				reg = <0x50000 0x50000>;
+				read-only;
+			};
+
+			firmware: partition@a0000 {
+				compatible = "denx,uimage";
+				label = "firmware";
+				reg = <0xa0000 0xf60000>;
+			};
+		};
+	};
+};
+
+&pcie {
+	status = "okay";
+};
+
+&pcie0 {
+	mt76@0,0 {
+		reg = <0x0000 0 0 0 0>;
+		mediatek,mtd-eeprom = <&factory 0x0>;
+	};
+};
+
+&ethernet {
+	compatible = "mediatek,ralink-mt7621-eth";
+	mediatek,switch = <&gsw>;
+	mtd-mac-address = <&factory 0xe000>;
+};
+
+&switch0 {
+	/delete-property/ compatible;
+	phy-mode = "rgmii";
+};
+
+&gsw {
+	compatible = "mediatek,ralink-mt7621-gsw";
+};
+
+&state_default {
+	gpio {
+		groups = "i2c", "jtag";
+		function = "gpio";
+	};
+};
diff --git a/target/linux/ramips/image/mt7621.mk b/target/linux/ramips/image/mt7621.mk
index 9aca2f913da3e844a8d6c1fc5b260aaadff76bd6..9ead1c0b8cc627799d1bb073af4465580904b2c7 100644
--- a/target/linux/ramips/image/mt7621.mk
+++ b/target/linux/ramips/image/mt7621.mk
@@ -821,6 +821,14 @@ define Device/phicomm_k2p
 endef
 TARGET_DEVICES += phicomm_k2p
 
+define Device/phicomm_k2p-32m
+  $(Device/phicomm_k2p)
+  IMAGE_SIZE := 32128k
+  DEVICE_VARIANT := 32M
+  SUPPORTED_DEVICES += k2p-32M
+endef
+TARGET_DEVICES += phicomm_k2p-32m
+
 define Device/planex_vr500
   $(Device/uimage-lzma-loader)
   IMAGE_SIZE := 65216k