Several multithreading techniques have been proposed to reduce resource underutilization in Very Long Instruction Word (VLIW) processors. Simultaneous MultiThreading (SMT) is a popular technique that improves processor performance by issuing multiple instructions from different threads. In VLIW processors, SMT requires extra hardware to merge instructions from different threads. The complexity of this hardware increases substantially with the number of threads. On the other hand, techniques like Interleaved MultiThreading (IMT) do not need any merging hardware, and support a larger number of threads at reasonable cost. In this paper, we propose Hybrid MultiThreading (HMT), a technique that at each cycle merges instructions from only a subset of threads. HMT supports a reasonable number of threads with a low merging hardware cost. For instance, it is possible to support 8 hardware threads with a merging hardware for only 2 threads. The experimental results show that using HMT improve...