diff --git a/.github/workflows/ethernet_init_build.yml b/.github/workflows/common_examples_build.yml
similarity index 84%
rename from .github/workflows/ethernet_init_build.yml
rename to .github/workflows/common_examples_build.yml
index 3172454..d5e9b25 100644
--- a/.github/workflows/ethernet_init_build.yml
+++ b/.github/workflows/common_examples_build.yml
@@ -7,7 +7,7 @@ jobs:
     strategy:
       matrix:
         idf_ver: ["latest"]
-        example: ["simple-ethernet"]
+        example: ["simple-ethernet", "iperf", "tcp_server"]
         idf_target: ["esp32"]
     runs-on: ubuntu-20.04
     container: espressif/idf:${{ matrix.idf_ver }}
@@ -23,5 +23,5 @@ jobs:
         run: |
           . ${IDF_PATH}/export.sh
           pip install idf-build-apps
-          cd $GITHUB_WORKSPACE/esp_eth_drivers/ethernet_init/examples/${{ matrix.example }}
+          cd $GITHUB_WORKSPACE/esp_eth_drivers/common_examples/${{ matrix.example }}
           idf-build-apps build -p . --target ${{ matrix.idf_target }} --build-dir build_@t_@w --config 'sdkconfig.defaults.*='
\ No newline at end of file
diff --git a/.gitignore b/.gitignore
index 1b8630d..cadd9ea 100644
--- a/.gitignore
+++ b/.gitignore
@@ -27,11 +27,11 @@ GPATH
 **/test_apps/**/sdkconfig
 **/test_apps/**/sdkconfig.old
 
-# Example project files
-**/examples/**/sdkconfig
-**/examples/**/sdkconfig.old
-**/examples/**/build
-**/examples/**/managed_components
+# Project files
+**/sdkconfig
+**/sdkconfig.old
+**/build
+**/managed_components
 
 # Doc build artifacts
 docs/_build/
diff --git a/common_examples/iperf/CMakeLists.txt b/common_examples/iperf/CMakeLists.txt
new file mode 100644
index 0000000..2aca2cc
--- /dev/null
+++ b/common_examples/iperf/CMakeLists.txt
@@ -0,0 +1,8 @@
+# For more information about build system see
+# https://docs.espressif.com/projects/esp-idf/en/latest/api-guides/build-system.html
+# The following five lines of boilerplate have to be in your project's
+# CMakeLists in this exact order for cmake to work correctly
+cmake_minimum_required(VERSION 3.16)
+
+include($ENV{IDF_PATH}/tools/cmake/project.cmake)
+project(iperf)
diff --git a/common_examples/iperf/README.md b/common_examples/iperf/README.md
new file mode 100644
index 0000000..f758152
--- /dev/null
+++ b/common_examples/iperf/README.md
@@ -0,0 +1,12 @@
+# Iperf example
+
+This example provides a simple way to measure network performance using iperf.
+
+## About the example
+The example uses `iperf` and `iperf-cmd` components for an iperf implementation and provides command line interface for it. It provides DHCP server functionality for connecting to another ESP32, instead of a PC.
+
+## Configuring the example
+Using `idf.py menuconfig` set up the Ethernet configuration, in the `Example option` you can enable DHCP server with `Act as a DHCP server`. This will make ESP32 run an instance of DHCP server per interface assignign IP addresses in the subnet 192.168.1.0/24.
+
+## Running the example
+You will see `esp>` prompt appear in ESP32 console. Run `iperf -h` to see iperf command options.
diff --git a/common_examples/iperf/main/CMakeLists.txt b/common_examples/iperf/main/CMakeLists.txt
new file mode 100644
index 0000000..2302295
--- /dev/null
+++ b/common_examples/iperf/main/CMakeLists.txt
@@ -0,0 +1,2 @@
+idf_component_register(SRCS "iperf.c"
+                    INCLUDE_DIRS ".")
diff --git a/common_examples/iperf/main/Kconfig.projbuild b/common_examples/iperf/main/Kconfig.projbuild
new file mode 100644
index 0000000..6550057
--- /dev/null
+++ b/common_examples/iperf/main/Kconfig.projbuild
@@ -0,0 +1,7 @@
+menu "Example options"
+    config EXAMPLE_ACT_AS_DHCP_SERVER
+        bool "Act as a DHCP server"
+        default n
+        help
+            Set ESP32 to act as DHCP server instead of as a client.
+endmenu
\ No newline at end of file
diff --git a/common_examples/iperf/main/idf_component.yml b/common_examples/iperf/main/idf_component.yml
new file mode 100644
index 0000000..e2080e8
--- /dev/null
+++ b/common_examples/iperf/main/idf_component.yml
@@ -0,0 +1,4 @@
+dependencies:
+  espressif/ethernet_init:
+    override_path: '../../../ethernet_init/'
+  espressif/iperf-cmd: "^0.1.1"
diff --git a/common_examples/iperf/main/iperf.c b/common_examples/iperf/main/iperf.c
new file mode 100644
index 0000000..b43e3bd
--- /dev/null
+++ b/common_examples/iperf/main/iperf.c
@@ -0,0 +1,114 @@
+/*
+ * SPDX-FileCopyrightText: 2024 Espressif Systems (Shanghai) CO LTD
+ *
+ * SPDX-License-Identifier: Unlicense OR CC0-1.0
+ */
+#include <string.h>
+#include "esp_netif.h"
+#include "esp_eth.h"
+#include "esp_event.h"
+#include "esp_console.h"
+#include "esp_log.h"
+#include "ethernet_init.h"
+#include "iperf_cmd.h"
+#include "sdkconfig.h"
+
+static const char *TAG = "iperf_example";
+
+static void start_dhcp_server_after_connection(void *arg, esp_event_base_t base, int32_t id, void *event_data)
+{
+    esp_netif_t *eth_netif = esp_netif_next_unsafe(NULL);
+    esp_eth_handle_t eth_handle = *(esp_eth_handle_t *)event_data;
+    while (eth_netif != NULL) {
+        esp_eth_handle_t eth_handle_for_current_netif = esp_netif_get_io_driver(eth_netif);
+        if (memcmp(&eth_handle, &eth_handle_for_current_netif, sizeof(esp_eth_handle_t)) == 0) {
+            esp_netif_dhcpc_stop(eth_netif);
+            esp_netif_dhcps_start(eth_netif);
+        }
+        eth_netif = esp_netif_next_unsafe(eth_netif);
+    }
+}
+
+void app_main(void)
+{
+    uint8_t eth_port_cnt = 0;
+    char if_key_str[10];
+    char if_desc_str[10];
+    esp_eth_handle_t *eth_handles;
+    esp_netif_config_t cfg;
+    esp_netif_inherent_config_t eth_netif_cfg;
+    esp_netif_init();
+    esp_event_loop_create_default();
+    ethernet_init_all(&eth_handles, &eth_port_cnt);
+
+#if CONFIG_EXAMPLE_ACT_AS_DHCP_SERVER
+    esp_netif_ip_info_t *ip_infos;
+
+    ip_infos = calloc(eth_port_cnt, sizeof(esp_netif_ip_info_t));
+
+    eth_netif_cfg = (esp_netif_inherent_config_t) {
+        .get_ip_event = IP_EVENT_ETH_GOT_IP,
+        .lost_ip_event = 0,
+        .flags = ESP_NETIF_DHCP_SERVER,
+        .route_prio = 50
+    };
+    cfg = (esp_netif_config_t) {
+        .base = &eth_netif_cfg,
+        .stack = ESP_NETIF_NETSTACK_DEFAULT_ETH
+    };
+
+    for (uint8_t i = 0; i < eth_port_cnt; i++) {
+        sprintf(if_key_str, "ETH_S%d", i);
+        sprintf(if_desc_str, "eth%d", i);
+
+        esp_netif_ip_info_t ip_info_i = {
+            .ip = {.addr = ESP_IP4TOADDR(192, 168, i, 1)},
+            .netmask = {.addr =  ESP_IP4TOADDR(255, 255, 255, 0)},
+            .gw = {.addr = ESP_IP4TOADDR(192, 168, i, 1)}
+        };
+        ip_infos[i] = ip_info_i;
+
+        eth_netif_cfg.if_key = if_key_str;
+        eth_netif_cfg.if_desc = if_desc_str;
+        eth_netif_cfg.route_prio -= i * 5;
+        eth_netif_cfg.ip_info = &(ip_infos[i]);
+        esp_netif_t *eth_netif = esp_netif_new(&cfg);
+        ESP_ERROR_CHECK(esp_netif_attach(eth_netif, esp_eth_new_netif_glue(eth_handles[i])));
+    }
+    esp_event_handler_register(ETH_EVENT, ETHERNET_EVENT_CONNECTED, start_dhcp_server_after_connection, NULL);
+    ESP_LOGI(TAG, "--------");
+    for (uint8_t i = 0; i < eth_port_cnt; i++) {
+        esp_eth_start(eth_handles[i]);
+        ESP_LOGI(TAG, "Network Interface %d: " IPSTR, i, IP2STR(&ip_infos[i].ip));
+    }
+    ESP_LOGI(TAG, "--------");
+#else
+    if (eth_port_cnt == 1) {
+        // Use default config when using one interface
+        eth_netif_cfg = *(ESP_NETIF_BASE_DEFAULT_ETH);
+    } else {
+        // Set config to support multiple interfaces
+        eth_netif_cfg = (esp_netif_inherent_config_t) ESP_NETIF_INHERENT_DEFAULT_ETH();
+    }
+    cfg = (esp_netif_config_t) {
+        .base = &eth_netif_cfg,
+        .stack = ESP_NETIF_NETSTACK_DEFAULT_ETH
+    };
+    for (int i = 0; i < eth_port_cnt; i++) {
+        sprintf(if_key_str, "ETH_%d", i);
+        sprintf(if_desc_str, "eth%d", i);
+        eth_netif_cfg.if_key = if_key_str;
+        eth_netif_cfg.if_desc = if_desc_str;
+        eth_netif_cfg.route_prio -= i * 5;
+        esp_netif_t *eth_netif = esp_netif_new(&cfg);
+        ESP_ERROR_CHECK(esp_netif_attach(eth_netif, esp_eth_new_netif_glue(eth_handles[i])));
+        esp_eth_start(eth_handles[i]);
+    }
+#endif
+    esp_console_repl_t *repl = NULL;
+    esp_console_repl_config_t repl_config = ESP_CONSOLE_REPL_CONFIG_DEFAULT();
+    esp_console_dev_uart_config_t uart_config = ESP_CONSOLE_DEV_UART_CONFIG_DEFAULT();
+    esp_console_new_repl_uart(&uart_config, &repl_config, &repl);
+    app_register_iperf_commands();
+    esp_console_start_repl(repl);
+}
diff --git a/common_examples/iperf/sdkconfig.defaults.client b/common_examples/iperf/sdkconfig.defaults.client
new file mode 100644
index 0000000..7ba958c
--- /dev/null
+++ b/common_examples/iperf/sdkconfig.defaults.client
@@ -0,0 +1 @@
+CONFIG_EXAMPLE_ACT_AS_DHCP_SERVER=n
\ No newline at end of file
diff --git a/common_examples/iperf/sdkconfig.defaults.server b/common_examples/iperf/sdkconfig.defaults.server
new file mode 100644
index 0000000..b01535a
--- /dev/null
+++ b/common_examples/iperf/sdkconfig.defaults.server
@@ -0,0 +1 @@
+CONFIG_EXAMPLE_ACT_AS_DHCP_SERVER=y
diff --git a/ethernet_init/examples/simple-ethernet/CMakeLists.txt b/common_examples/simple-ethernet/CMakeLists.txt
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/CMakeLists.txt
rename to common_examples/simple-ethernet/CMakeLists.txt
diff --git a/ethernet_init/examples/simple-ethernet/main/CMakeLists.txt b/common_examples/simple-ethernet/main/CMakeLists.txt
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/main/CMakeLists.txt
rename to common_examples/simple-ethernet/main/CMakeLists.txt
diff --git a/ethernet_init/examples/simple-ethernet/main/idf_component.yml b/common_examples/simple-ethernet/main/idf_component.yml
similarity index 76%
rename from ethernet_init/examples/simple-ethernet/main/idf_component.yml
rename to common_examples/simple-ethernet/main/idf_component.yml
index 62a3d86..cb1c895 100644
--- a/ethernet_init/examples/simple-ethernet/main/idf_component.yml
+++ b/common_examples/simple-ethernet/main/idf_component.yml
@@ -4,4 +4,4 @@ dependencies:
   ethernet_init:
     version: '*'
     # For local development use the local copy of the component
-    override_path: '../../../'
\ No newline at end of file
+    override_path: '../../../ethernet_init/'
\ No newline at end of file
diff --git a/ethernet_init/examples/simple-ethernet/main/simple-ethernet.c b/common_examples/simple-ethernet/main/simple-ethernet.c
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/main/simple-ethernet.c
rename to common_examples/simple-ethernet/main/simple-ethernet.c
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.dm9051 b/common_examples/simple-ethernet/sdkconfig.defaults.dm9051
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.dm9051
rename to common_examples/simple-ethernet/sdkconfig.defaults.dm9051
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.dp83848 b/common_examples/simple-ethernet/sdkconfig.defaults.dp83848
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.dp83848
rename to common_examples/simple-ethernet/sdkconfig.defaults.dp83848
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.ip101 b/common_examples/simple-ethernet/sdkconfig.defaults.ip101
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.ip101
rename to common_examples/simple-ethernet/sdkconfig.defaults.ip101
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.ksz80xx b/common_examples/simple-ethernet/sdkconfig.defaults.ksz80xx
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.ksz80xx
rename to common_examples/simple-ethernet/sdkconfig.defaults.ksz80xx
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.ksz8851snl b/common_examples/simple-ethernet/sdkconfig.defaults.ksz8851snl
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.ksz8851snl
rename to common_examples/simple-ethernet/sdkconfig.defaults.ksz8851snl
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.lan867x b/common_examples/simple-ethernet/sdkconfig.defaults.lan867x
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.lan867x
rename to common_examples/simple-ethernet/sdkconfig.defaults.lan867x
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.lan87xx b/common_examples/simple-ethernet/sdkconfig.defaults.lan87xx
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.lan87xx
rename to common_examples/simple-ethernet/sdkconfig.defaults.lan87xx
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.rtl8201 b/common_examples/simple-ethernet/sdkconfig.defaults.rtl8201
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.rtl8201
rename to common_examples/simple-ethernet/sdkconfig.defaults.rtl8201
diff --git a/ethernet_init/examples/simple-ethernet/sdkconfig.defaults.w5500 b/common_examples/simple-ethernet/sdkconfig.defaults.w5500
similarity index 100%
rename from ethernet_init/examples/simple-ethernet/sdkconfig.defaults.w5500
rename to common_examples/simple-ethernet/sdkconfig.defaults.w5500
diff --git a/common_examples/tcp_client/CMakeLists.txt b/common_examples/tcp_client/CMakeLists.txt
new file mode 100644
index 0000000..9daa0ea
--- /dev/null
+++ b/common_examples/tcp_client/CMakeLists.txt
@@ -0,0 +1,8 @@
+# For more information about build system see
+# https://docs.espressif.com/projects/esp-idf/en/latest/api-guides/build-system.html
+# The following five lines of boilerplate have to be in your project's
+# CMakeLists in this exact order for cmake to work correctly
+cmake_minimum_required(VERSION 3.16)
+
+include($ENV{IDF_PATH}/tools/cmake/project.cmake)
+project(tcp_client)
diff --git a/common_examples/tcp_client/README.md b/common_examples/tcp_client/README.md
new file mode 100644
index 0000000..b67e114
--- /dev/null
+++ b/common_examples/tcp_client/README.md
@@ -0,0 +1,34 @@
+# TCP client example
+
+This example provides a basic implementation of TCP client for ESP32 with drivers from this repository
+
+## About the example
+TCP client is designed to periodically transmit to the server, and accept responses, which are printed to the console.
+
+## Configuring the example
+Configure the example using `idf.py menuconfig`, according to your setup, provide settings for Ethernet initialization. Next, go to `Example options` and set the `Server IP address`.
+
+### Determining the server IP address
+If you are running a TCP server on your PC using `tcp_server.py` - run a command to see your IP:
+* Windows - `ipconfig /all`
+* macOS/Linux - `ifconfig`
+
+If you are running a TCP server on another ESP32 along with a DHCP server - see the output of your server for lines such as:
+```
+I (6349) tcp_server: --------
+I (6359) tcp_server: Network Interface 0: 192.168.0.1
+I (6359) tcp_server: Network Interface 1: 192.168.1.1
+I (6369) tcp_server: --------
+```
+It will list all your network interfaces and the IP address assigned to it. Depending on the interface you are connected to - set the `Server IP address` accordingly.
+
+## Running the example
+
+After you obtain an IP address you will see a message reading `TCP client is started, waiting for the server to accept a connection.`
+
+If you are connecting the device to a PC - start the server with `tcp_server.py`. The command to do so is `tcp_server.py IP` to start listening on the specified IP address.
+
+**Important**: use the IP address of your PC in the local network to which ESP32 is connected. It **must** match the IP address you've set in the `Example options`.
+
+
+You will see incoming messages in the ESP32 console or as an output of `tcp_server.py` if you are connecting the ESP32 to your PC and running a TCP server using a script.
\ No newline at end of file
diff --git a/common_examples/tcp_client/main/CMakeLists.txt b/common_examples/tcp_client/main/CMakeLists.txt
new file mode 100644
index 0000000..9ff632b
--- /dev/null
+++ b/common_examples/tcp_client/main/CMakeLists.txt
@@ -0,0 +1,2 @@
+idf_component_register(SRCS "tcp_client.c"
+                    INCLUDE_DIRS ".")
diff --git a/common_examples/tcp_client/main/Kconfig.projbuild b/common_examples/tcp_client/main/Kconfig.projbuild
new file mode 100644
index 0000000..e02c8fe
--- /dev/null
+++ b/common_examples/tcp_client/main/Kconfig.projbuild
@@ -0,0 +1,7 @@
+menu "Example options"
+    config EXAMPLE_SERVER_IP_ADDRESS
+        string "Server IP address"
+        default "192.168.1.1"
+        help
+            TCP server IP.
+endmenu
\ No newline at end of file
diff --git a/common_examples/tcp_client/main/idf_component.yml b/common_examples/tcp_client/main/idf_component.yml
new file mode 100644
index 0000000..cb1c895
--- /dev/null
+++ b/common_examples/tcp_client/main/idf_component.yml
@@ -0,0 +1,7 @@
+dependencies:
+  idf:
+    version: '>=5.0'
+  ethernet_init:
+    version: '*'
+    # For local development use the local copy of the component
+    override_path: '../../../ethernet_init/'
\ No newline at end of file
diff --git a/common_examples/tcp_client/main/tcp_client.c b/common_examples/tcp_client/main/tcp_client.c
new file mode 100644
index 0000000..21737f1
--- /dev/null
+++ b/common_examples/tcp_client/main/tcp_client.c
@@ -0,0 +1,128 @@
+/*
+ * SPDX-FileCopyrightText: 2024 Espressif Systems (Shanghai) CO LTD
+ *
+ * SPDX-License-Identifier: Unlicense OR CC0-1.0
+ */
+#include <stdio.h>
+#include <string.h>
+#include "freertos/FreeRTOS.h"
+#include "freertos/task.h"
+#include "esp_netif.h"
+#include "esp_eth.h"
+#include "esp_event.h"
+#include "esp_log.h"
+#include "ethernet_init.h"
+#include "lwip/sockets.h"
+#include "sdkconfig.h"
+
+#define SOCKET_PORT         5000
+#define SOCKET_MAX_LENGTH   128
+
+static const char *TAG = "tcp_client";
+static SemaphoreHandle_t x_got_ip_semaphore;
+
+/** Event handler for IP_EVENT_ETH_GOT_IP */
+static void got_ip_event_handler(void *arg, esp_event_base_t event_base, int32_t event_id, void *data)
+{
+    ip_event_got_ip_t *event = (ip_event_got_ip_t *) data;
+    const esp_netif_ip_info_t *ip_info = &event->ip_info;
+
+    ESP_LOGI(TAG, "Ethernet Got IP Address");
+    ESP_LOGI(TAG, "~~~~~~~~~~~");
+    ESP_LOGI(TAG, "ETHIP:" IPSTR, IP2STR(&ip_info->ip));
+    ESP_LOGI(TAG, "ETHMASK:" IPSTR, IP2STR(&ip_info->netmask));
+    ESP_LOGI(TAG, "ETHGW:" IPSTR, IP2STR(&ip_info->gw));
+    ESP_LOGI(TAG, "~~~~~~~~~~~");
+    xSemaphoreGive(x_got_ip_semaphore);
+}
+
+void app_main(void)
+{
+    // Create default event loop that running in background
+    ESP_ERROR_CHECK(esp_event_loop_create_default());
+    // Initialize semaphore
+    x_got_ip_semaphore = xSemaphoreCreateBinary();
+    // Initialize Ethernet driver
+    uint8_t eth_port_cnt = 0;
+    esp_eth_handle_t *eth_handles;
+    char if_key_str[10];
+    char if_desc_str[10];
+    ESP_ERROR_CHECK(ethernet_init_all(&eth_handles, &eth_port_cnt));
+    esp_netif_init();
+    // Register user defined event handers
+    ESP_ERROR_CHECK(esp_event_handler_register(IP_EVENT, IP_EVENT_ETH_GOT_IP, &got_ip_event_handler, NULL));
+    // Create instance(s) of esp-netif for Ethernet(s)
+    if (eth_port_cnt == 1) {
+        // Use ESP_NETIF_DEFAULT_ETH when just one Ethernet interface is used and you don't need to modify
+        // default esp-netif configuration parameters.
+        esp_netif_config_t cfg = ESP_NETIF_DEFAULT_ETH();
+        esp_netif_t *eth_netif = esp_netif_new(&cfg);
+        // Attach Ethernet driver to TCP/IP stack
+        ESP_ERROR_CHECK(esp_netif_attach(eth_netif, esp_eth_new_netif_glue(eth_handles[0])));
+    } else {
+        // Use ESP_NETIF_INHERENT_DEFAULT_ETH when multiple Ethernet interfaces are used and so you need to modify
+        // esp-netif configuration parameters for each interface (name, priority, etc.).
+        esp_netif_inherent_config_t esp_netif_config = ESP_NETIF_INHERENT_DEFAULT_ETH();
+        esp_netif_config_t cfg_spi = {
+            .base = &esp_netif_config,
+            .stack = ESP_NETIF_NETSTACK_DEFAULT_ETH
+        };
+
+        for (int i = 0; i < eth_port_cnt; i++) {
+            sprintf(if_key_str, "ETH_%d", i);
+            sprintf(if_desc_str, "eth%d", i);
+            esp_netif_config.if_key = if_key_str;
+            esp_netif_config.if_desc = if_desc_str;
+            esp_netif_config.route_prio -= i * 5;
+            esp_netif_t *eth_netif = esp_netif_new(&cfg_spi);
+
+            // Attach Ethernet driver to TCP/IP stack
+            ESP_ERROR_CHECK(esp_netif_attach(eth_netif, esp_eth_new_netif_glue(eth_handles[i])));
+            esp_eth_start(eth_handles[i]);
+        }
+    }
+    // Wait until IP address is assigned to this device
+    xSemaphoreTake(x_got_ip_semaphore, portMAX_DELAY);
+    ESP_LOGI(TAG, "TCP client has started, waiting for the server to accept a connection.");
+    int client_fd, ret;
+    struct sockaddr_in server;
+    char rxbuffer[SOCKET_MAX_LENGTH] = {0};
+    char txbuffer[SOCKET_MAX_LENGTH] = {0};
+    client_fd = socket(AF_INET, SOCK_STREAM, 0);
+    if (client_fd == -1) {
+        ESP_LOGE(TAG, "Could not create the socket (errno: %d)", errno);
+        goto err;
+    }
+    server.sin_family = AF_INET;
+    server.sin_port = htons(SOCKET_PORT);
+    server.sin_addr.s_addr = inet_addr(CONFIG_EXAMPLE_SERVER_IP_ADDRESS);
+    ret = connect(client_fd, (struct sockaddr *)&server, sizeof(struct sockaddr));
+    if (ret == -1) {
+        ESP_LOGE(TAG, "An error has occurred while connecting to the server (errno: %d)", errno);
+        goto err;
+    }
+    int transmission_cnt = 0;
+    while (1) {
+        snprintf(txbuffer, SOCKET_MAX_LENGTH, "Transmission #%d. Hello from ESP32 TCP client", ++transmission_cnt);
+        ESP_LOGI(TAG, "Transmitting: \"%s\"", txbuffer);
+        ret = send(client_fd, txbuffer, SOCKET_MAX_LENGTH, 0);
+        if (ret == -1) {
+            ESP_LOGE(TAG, "An error has occurred while sending data (errno: %d)", errno);
+            break;
+        }
+        ret = recv(client_fd, rxbuffer, SOCKET_MAX_LENGTH, 0);
+        if (ret == -1) {
+            ESP_LOGE(TAG, "An error has occurred while receiving data (errno: %d)", errno);
+        } else if (ret == 0) {
+            break;  // done reading
+        }
+        ESP_LOGI(TAG, "Received \"%s\"", rxbuffer);
+        memset(txbuffer, 0, SOCKET_MAX_LENGTH);
+        memset(rxbuffer, 0, SOCKET_MAX_LENGTH);
+        vTaskDelay(pdMS_TO_TICKS(500));
+    }
+    return;
+err:
+    close(client_fd);
+    ESP_LOGI(TAG, "Program was stopped because an error occured");
+}
diff --git a/common_examples/tcp_client/tcp_server.py b/common_examples/tcp_client/tcp_server.py
new file mode 100644
index 0000000..effe085
--- /dev/null
+++ b/common_examples/tcp_client/tcp_server.py
@@ -0,0 +1,40 @@
+#!/usr/bin/env python3
+import socket
+import argparse
+import logging
+import signal
+
+parser = argparse.ArgumentParser(description='Serve TCP connection using Berkley sockets and wait for connections', epilog='Part of the tcp_client example for esp_eth_drivers')
+parser.add_argument('ip')
+args = parser.parse_args()
+
+SOCKET_PORT = 5000
+
+# setup sigint handler
+signal.signal(signal.SIGINT, lambda s, f : exit(0))
+
+logger = logging.getLogger("tcp_server")
+logging.basicConfig(format="%(name)s :: %(levelname)-8s :: %(message)s", level=logging.DEBUG)
+logger.info("Listening on %s:%d", args.ip, SOCKET_PORT)
+
+# init server
+sock = socket.socket(socket.AF_INET, socket.SOCK_STREAM)
+sock.bind((args.ip, 5000))
+# listen for incoming connections
+sock.listen(1)
+
+counter = 1
+while True:
+    conn, address = sock.accept()
+    logger.debug("Accepted connection from %s:%d", address[0], address[1])
+    while True:
+        try:
+            data = conn.recv(128).decode()
+        except ConnectionAbortedError:
+            logger.info("Connection closed by client")
+            break
+        logger.debug("Received: \"%s\"", data)
+        msg = f"Transmission {counter}: Hello from Python"
+        logger.debug("Transmitting: \"%s\"", msg)
+        conn.sendall(str.encode(msg))
+        counter += 1
diff --git a/common_examples/tcp_server/CMakeLists.txt b/common_examples/tcp_server/CMakeLists.txt
new file mode 100644
index 0000000..af72d7f
--- /dev/null
+++ b/common_examples/tcp_server/CMakeLists.txt
@@ -0,0 +1,10 @@
+# For more information about build system see
+# https://docs.espressif.com/projects/esp-idf/en/latest/api-guides/build-system.html
+# The following five lines of boilerplate have to be in your project's
+# CMakeLists in this exact order for cmake to work correctly
+cmake_minimum_required(VERSION 3.16)
+
+set(COMPONENT main)
+
+include($ENV{IDF_PATH}/tools/cmake/project.cmake)
+project(tcp_server)
diff --git a/common_examples/tcp_server/README.md b/common_examples/tcp_server/README.md
new file mode 100644
index 0000000..3484d3a
--- /dev/null
+++ b/common_examples/tcp_server/README.md
@@ -0,0 +1,20 @@
+# TCP server example
+
+This example provides a basic implementation of TCP server for ESP32 with drivers from this repository.
+
+## About the example
+TCP server is designed to accept transmissions from the client, print them to the console and respond with another message "Transmission #XX. Hello from ESP32 TCP server".
+
+## Configuring the example
+Configure the example using `idf.py menuconfig`, according to your setup, provide settings for Ethernet initialization. If you want to connect to another ESP32, set the 
+`Act as DHCP server` option in the `Example options`, each IP addres will be assigned an IP 192.168.n.1, where `n` is the number of the interface.
+
+## Running the example
+To transmit data between your PC and ESP32 you need to wait until it obtains an IP address from DHCP server and run tcp client script.
+
+If you are connecting the device to a PC you will need to run a client script - the minimal command to do it is `tcp_client.py IP` and it will run until the script is stopped. Additional parameters are:
+* `-c COUNT` to set the amount of transmission after which the client stops transmitting, terminates the connection and presents stats
+* `-t TIME` to set periods between transmissions (default: 500ms)
+* `-s` to run silently, without printing debug messages. In this mode count is set to 10 if not specified otherwise
+
+You will see the ouput both in ESP32's console, and as the output of `tcp_client.py` if you have ran it.
\ No newline at end of file
diff --git a/common_examples/tcp_server/main/CMakeLists.txt b/common_examples/tcp_server/main/CMakeLists.txt
new file mode 100644
index 0000000..c8a8d16
--- /dev/null
+++ b/common_examples/tcp_server/main/CMakeLists.txt
@@ -0,0 +1,2 @@
+idf_component_register(SRCS "tcp_server.c"
+                    INCLUDE_DIRS ".")
diff --git a/common_examples/tcp_server/main/Kconfig.projbuild b/common_examples/tcp_server/main/Kconfig.projbuild
new file mode 100644
index 0000000..c577730
--- /dev/null
+++ b/common_examples/tcp_server/main/Kconfig.projbuild
@@ -0,0 +1,7 @@
+menu "Example options"
+    config EXAMPLE_ACT_AS_DHCP_SERVER
+        bool "Act sa DHCP server"
+        default n
+        help
+            Set ESP32 to act as DHCP server instead of as a client.
+endmenu
\ No newline at end of file
diff --git a/common_examples/tcp_server/main/idf_component.yml b/common_examples/tcp_server/main/idf_component.yml
new file mode 100644
index 0000000..cb1c895
--- /dev/null
+++ b/common_examples/tcp_server/main/idf_component.yml
@@ -0,0 +1,7 @@
+dependencies:
+  idf:
+    version: '>=5.0'
+  ethernet_init:
+    version: '*'
+    # For local development use the local copy of the component
+    override_path: '../../../ethernet_init/'
\ No newline at end of file
diff --git a/common_examples/tcp_server/main/tcp_server.c b/common_examples/tcp_server/main/tcp_server.c
new file mode 100644
index 0000000..bce7f41
--- /dev/null
+++ b/common_examples/tcp_server/main/tcp_server.c
@@ -0,0 +1,159 @@
+/*
+ * SPDX-FileCopyrightText: 2024 Espressif Systems (Shanghai) CO LTD
+ *
+ * SPDX-License-Identifier: Unlicense OR CC0-1.0
+ */
+#include <stdio.h>
+#include <string.h>
+#include "freertos/FreeRTOS.h"
+#include "freertos/task.h"
+#include "esp_netif.h"
+#include "esp_eth.h"
+#include "esp_event.h"
+#include "esp_log.h"
+#include "ethernet_init.h"
+#include "lwip/sockets.h"
+
+#define SOCKET_PORT         5000
+#define SOCKET_MAX_LENGTH   128
+
+static const char *TAG = "tcp_server";
+
+static void start_dhcp_server_after_connection(void *arg, esp_event_base_t base, int32_t id, void *event_data)
+{
+    esp_netif_t *eth_netif = esp_netif_next_unsafe(NULL);
+    esp_eth_handle_t eth_handle = *(esp_eth_handle_t *)event_data;
+    while (eth_netif != NULL) {
+        esp_eth_handle_t eth_handle_for_current_netif = esp_netif_get_io_driver(eth_netif);
+        if (memcmp(&eth_handle, &eth_handle_for_current_netif, sizeof(esp_eth_handle_t)) == 0) {
+            esp_netif_dhcpc_stop(eth_netif);
+            esp_netif_dhcps_start(eth_netif);
+        }
+        eth_netif = esp_netif_next_unsafe(eth_netif);
+    }
+}
+
+void app_main(void)
+{
+    uint8_t eth_port_cnt = 0;
+    char if_key_str[10];
+    char if_desc_str[10];
+    esp_eth_handle_t *eth_handles;
+    esp_netif_config_t cfg;
+    esp_netif_inherent_config_t eth_netif_cfg;
+    esp_netif_init();
+    esp_event_loop_create_default();
+    ethernet_init_all(&eth_handles, &eth_port_cnt);
+
+#if CONFIG_EXAMPLE_ACT_AS_DHCP_SERVER
+    esp_netif_ip_info_t *ip_infos;
+
+    ip_infos = calloc(eth_port_cnt, sizeof(esp_netif_ip_info_t));
+
+    eth_netif_cfg = (esp_netif_inherent_config_t) {
+        .get_ip_event = IP_EVENT_ETH_GOT_IP,
+        .lost_ip_event = 0,
+        .flags = ESP_NETIF_DHCP_SERVER,
+        .route_prio = 50
+    };
+    cfg = (esp_netif_config_t) {
+        .base = &eth_netif_cfg,
+        .stack = ESP_NETIF_NETSTACK_DEFAULT_ETH
+    };
+
+    for (uint8_t i = 0; i < eth_port_cnt; i++) {
+        sprintf(if_key_str, "ETH_S%d", i);
+        sprintf(if_desc_str, "eth%d", i);
+
+        esp_netif_ip_info_t ip_info_i = {
+            .ip = {.addr = ESP_IP4TOADDR(192, 168, i, 1)},
+            .netmask = {.addr =  ESP_IP4TOADDR(255, 255, 255, 0)},
+            .gw = {.addr = ESP_IP4TOADDR(192, 168, i, 1)}
+        };
+        ip_infos[i] = ip_info_i;
+
+        eth_netif_cfg.if_key = if_key_str;
+        eth_netif_cfg.if_desc = if_desc_str;
+        eth_netif_cfg.route_prio -= i * 5;
+        eth_netif_cfg.ip_info = &(ip_infos[i]);
+        esp_netif_t *eth_netif = esp_netif_new(&cfg);
+        ESP_ERROR_CHECK(esp_netif_attach(eth_netif, esp_eth_new_netif_glue(eth_handles[i])));
+    }
+    esp_event_handler_register(ETH_EVENT, ETHERNET_EVENT_CONNECTED, start_dhcp_server_after_connection, NULL);
+    ESP_LOGI(TAG, "--------");
+    for (uint8_t i = 0; i < eth_port_cnt; i++) {
+        esp_eth_start(eth_handles[i]);
+        ESP_LOGI(TAG, "Network Interface %d: " IPSTR, i, IP2STR(&ip_infos[i].ip));
+    }
+    ESP_LOGI(TAG, "--------");
+#else
+    if (eth_port_cnt == 1) {
+        // Use default config when using one interface
+        eth_netif_cfg = *(ESP_NETIF_BASE_DEFAULT_ETH);
+    } else {
+        // Set config to support multiple interfaces
+        eth_netif_cfg = (esp_netif_inherent_config_t) ESP_NETIF_INHERENT_DEFAULT_ETH();
+    }
+    cfg = (esp_netif_config_t) {
+        .base = &eth_netif_cfg,
+        .stack = ESP_NETIF_NETSTACK_DEFAULT_ETH
+    };
+    for (int i = 0; i < eth_port_cnt; i++) {
+        sprintf(if_key_str, "ETH_%d", i);
+        sprintf(if_desc_str, "eth%d", i);
+        eth_netif_cfg.if_key = if_key_str;
+        eth_netif_cfg.if_desc = if_desc_str;
+        eth_netif_cfg.route_prio -= i * 5;
+        esp_netif_t *eth_netif = esp_netif_new(&cfg);
+        ESP_ERROR_CHECK(esp_netif_attach(eth_netif, esp_eth_new_netif_glue(eth_handles[i])));
+        esp_eth_start(eth_handles[i]);
+    }
+#endif
+
+    int server_fd, client_fd, ret;
+    struct sockaddr_in server, client;
+    char rxbuffer[SOCKET_MAX_LENGTH] = {0};
+    char txbuffer[SOCKET_MAX_LENGTH] = {0};
+    server_fd = socket(AF_INET, SOCK_STREAM, 0);
+    if (server_fd == -1) {
+        ESP_LOGE(TAG, "Could not create the socket (errno: %d)", errno);
+        goto err;
+    }
+    server.sin_family = AF_INET;
+    server.sin_port = htons(SOCKET_PORT);
+    server.sin_addr.s_addr = htonl(INADDR_ANY);
+
+    ret = bind(server_fd, (struct sockaddr *) &server, sizeof(server));
+    if (ret == -1) {
+        ESP_LOGE(TAG, "Could not bind to the socket (errno: %d)", errno);
+    }
+    listen(server_fd, 1);
+    int transmission_cnt = 0;
+    while (1) {
+        socklen_t client_len = sizeof(client);
+        client_fd = accept(server_fd, (struct sockaddr *) &client, &client_len);
+        if (client_fd == -1) {
+            ESP_LOGE(TAG, "An error has occurred while accepting a connection (errno: %d)", errno);
+            goto err;
+        }
+        while (1) {
+            ret = recv(client_fd, rxbuffer, SOCKET_MAX_LENGTH, 0);
+            if (ret == -1) {
+                ESP_LOGE(TAG, "An error has occurred while receiving data (errno: %d)", errno);
+            } else if (ret == 0) {
+                break;  // done reading
+            }
+            ESP_LOGI(TAG, "Received \"%s\"", rxbuffer);
+            snprintf(txbuffer, SOCKET_MAX_LENGTH, "Transmission #%d. Hello from ESP32 TCP server", ++transmission_cnt);
+            ESP_LOGI(TAG, "Transmitting: \"%s\"", txbuffer);
+            ret = send(client_fd, txbuffer, SOCKET_MAX_LENGTH, 0);
+            if (ret == -1) {
+                ESP_LOGE(TAG, "An error has occurred while sending data (errno: %d)", errno);
+                break;
+            }
+        }
+    }
+    return;
+err:
+    ESP_LOGI(TAG, "Program was stopped because an error occured");
+}
diff --git a/common_examples/tcp_server/tcp_client.py b/common_examples/tcp_server/tcp_client.py
new file mode 100644
index 0000000..8b433f0
--- /dev/null
+++ b/common_examples/tcp_server/tcp_client.py
@@ -0,0 +1,53 @@
+#!/usr/bin/env python3
+import socket
+import argparse
+import logging
+import time
+import signal
+
+parser = argparse.ArgumentParser(description='Establish TCP connection to a server using Berkley sockets and periodically send transmission expecting echo', epilog='Part of the tcp_server example for esp_eth_drivers')
+parser.add_argument('ip')
+parser.add_argument('-t', '--time', type=int, default=500, help='Period of transmission (ms)')
+parser.add_argument('-c', '--count', type=int, help='How many transmissions to perform (default: no limit)')
+parser.add_argument('-s', '--silent', action='store_true', help="Do not log transmissions, just print out the result, automatically limits count to 10")
+args = parser.parse_args()
+
+SOCKET_PORT = 5000
+
+# setup sigint handler
+signal.signal(signal.SIGINT, lambda s, f : exit(0))
+
+logger = logging.getLogger("tcp_client")
+logging.basicConfig(format="%(name)s :: %(levelname)-8s :: %(message)s", level=logging.DEBUG)
+if args.silent:
+    logger.setLevel(logging.INFO)
+    args.count = 10
+logger.info("Transmitting to %s:%d every %d ms", args.ip, SOCKET_PORT, args.time)
+
+# init socket connection
+sock = socket.socket(socket.AF_INET, socket.SOCK_STREAM) 
+sock.settimeout(10)
+try:
+    sock.connect((args.ip, SOCKET_PORT))
+except TimeoutError:
+    logger.error("Couldn't establish connection due to timeout")
+    exit(1)
+# do transmissions
+counter = 1
+receives = 0
+timeouts = 0
+while args.count == None or counter <= args.count:
+    msg = f"Transmission {counter}: Hello from Python"
+    logger.debug("Transmitting: \"%s\"", msg)
+    sock.sendall(str.encode(msg))
+    try:
+        data = sock.recv(128)
+        receives+=1
+    except TimeoutError:
+        logger.error("Timeout, no echo received")
+        timeouts+=1
+    logger.debug("Received: \"%s\"", data.decode())
+    counter+=1
+    time.sleep(args.time * 0.001)
+sock.close()
+logger.info("Performed %d transmissions, received %d replies with %d timeouts (%.2f%% success rate)", args.count, receives, timeouts, (1 - timeouts/receives)*100.0)
\ No newline at end of file
diff --git a/ethernet_init/idf_component.yml b/ethernet_init/idf_component.yml
index c145b0d..c13057a 100644
--- a/ethernet_init/idf_component.yml
+++ b/ethernet_init/idf_component.yml
@@ -1,6 +1,8 @@
 dependencies:
   idf:
     version: '>=5.1'
+examples:
+  - path: ../common_examples/
 description: This component initializes Ethernet driver based on Espressif IoT Development Framework Configuration.
 url: https://github.com/espressif/esp-eth-drivers/tree/master/ethernet_init
-version: 0.2.1
+version: 0.2.2