diff --git a/components/esp_phy/Kconfig b/components/esp_phy/Kconfig
index 45de916319..3b57d38f21 100644
--- a/components/esp_phy/Kconfig
+++ b/components/esp_phy/Kconfig
@@ -106,10 +106,11 @@ menu "PHY"
 
     config ESP_PHY_ENABLE_USB
         bool "Enable USB when phy init"
-        depends on ESP_CONSOLE_USB_SERIAL_JTAG
-        default y
+        depends on USB_OTG_SUPPORTED || ESP_CONSOLE_USB_SERIAL_JTAG
+        default y if IDF_TARGET_ESP32C3 || IDF_TARGET_ESP32S3
+        default n
         help
-            When using USB Serial/JTAG controller, PHY should enable USB, otherwise log will
-            not be displayed. But working with USB, the RF performance may be affected.
+            When using USB Serial/JTAG/OTG/CDC, PHY should enable USB, otherwise USB module
+            can not work properly.
 
 endmenu  # PHY
diff --git a/components/esp_phy/lib b/components/esp_phy/lib
index fe7dc9599b..8c34eec8b8 160000
--- a/components/esp_phy/lib
+++ b/components/esp_phy/lib
@@ -1 +1 @@
-Subproject commit fe7dc9599bd318518eccc165d9e751114e28e7d2
+Subproject commit 8c34eec8b8463cbd038c242f0da5e7b68cacd39b