So the idea with SMT is that most of the time, lots of the execution units are unused because the thread a) isn't using them at all (e.g. a process to do encryption won't use the floating point units) and/or b) can't use them all because of how the program's written (for example, if I say 'load a random memory address, then add it to a register, then load another random memory address, then add it, etc' I'm going to be spending most of my time waiting for memory to be loaded.

SMT basically means that you run another program at the same time, so even if the encryption process can't use the floating point units, maybe there's another process that we can schedule that will.

However, imagine my encryption process can use 6 of the 8 arithmetic units. If I have 2 encryption processes scheduled on the same core, I have demand for 12 when there are only 8. So now I have contention for resources, and I won't see a speedup from using SMT.

Other comments mention registers and not execution units: I'm suspicious of this, since modern processors have many registers (for Skylake, 250+) which they remap between aggressively as part of pipelining. Maybe this is different for the SIMD units.

That said, I haven't looked at this stuff since university so could well be wrong on the execution unit vs register comparison.

So I guessing GP meant there's going to be contention for those registers, and thus no speedup?