A microprocessor includes a functional block having dynamic power savings circuitry, a functional block control circuit, and a thermal control unit. The functional block control circuits are capable of altering performance characteristics of their associated functional blocks automatically upon detecting an over temperature condition. The thermal control unit receives an over-temperature signal indicating a processor temperature exceeding a threshold and invokes the one or more of the functional block control units in response to the signal. The functional block control units respond to signals from the thermal control unit by reducing processor activity, slowing processor performance, or both. The reduced activity that results causes the dynamic power saving circuitry to engage. The functional block control units can throttle performance by numerous means including reducing the exploitable parallelism within the processor, suspending out-of-order execution, reducing effective resource size, and the like.