Hyper-threading, officially called Hyper-Threading Technology (HTT), is Intel's trademark for their implementation of the simultaneous multithreading technology on the Pentium 4 microarchitecture. It is a more advanced form of Super-threading that debuted on the Intel Xeon processors and was later added to Pentium 4 processors. The technology improves processor performance under certain workloads by providing useful work for execution units that would otherwise be idle, for example during a cache miss. A Pentium 4 with Hyper-Threading enabled is treated by the operating system as two processors instead of one.

The advantages of Hyper-Threading are listed as: improved support for multi-threaded code, allowing multiple threads to run simultaneously, improved reaction and response time, and increased number of users a server can support.

According to Intel, the first implementation only used an additional 5% of the die area over the "normal" processor, yet yielded performance improvements of 15–30%.

Intel claims up to a 30% speed improvement compared against an otherwise identical, non-SMT Pentium 4. The performance improvement seen is very application-dependent, however, and some programs actually slow down slightly when Hyper Threading Technology is turned on. This is due to the replay system of the Pentium 4 tying up valuable execution resources, thereby starving the other thread. However, any performance degradation is unique to the Pentium 4 (due to various architectural nuances), and is not characteristic of simultaneous multithreading in general.