A method and apparatus for dynamically controlling a cache size is disclosed. In one embodiment, a method includes changing an operating point of a processor from a first operating point to a second operating point, and selectively removing power from one or more ways of a cache memory responsive to changing the operating point. The method further includes processing one or more instructions in the processor subsequent to removing power from the one or more ways of the cache memory, wherein said processing includes accessing one or more ways of the cache memory from which power was not removed.