What the hell is Hyper-Threading?

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What the hell is Hyper-Threading?

Announced last autumn, Intel’s Hyper-Threading technology has finally made it to market, courtesy of the latest Xeon processors. Hyper-Threading is a clever way of making a single chip operate like two separate devices without implementing two cores on one die. That, claims Intel, makes for higher performance without having to resort to significantly larger chips or even adding a second processor to the system.

So how does it work?