it has locked offsets in FIVR
Intel was being Intel when they decided to remove undervolting from their 12th Gen H series. They can play the game that they did this for security reasons but if that argument is true, why is undervolting available on the 12900HK mobile CPU?
In theory, PROCHOT in the Limit Reasons window and HOT on the main ThrottleStop screen should light up at the same time. For some unknown reason, this information is available in two separate registers within the CPU so I decided to monitor both of them separately. I believe ThrottleStop monitors this info four times per second in the Limit Reasons window and only once per second on the main screen. That means you are more likely to see PROCHOT light up red in Limit Reasons compared to seeing HOT light up red on the main screen.
During a thermal throttling event, the CPU is rapidly adjusting the CPU speed hundreds of times per second to keep the peak core temperature just a hair under 100°C. When you are just on the edge of throttling, it is possible for Limit Reasons or other monitoring software to miss any brief throttling. You might see a yellow box in Limit Reasons appear without ever seeing a red box first.
If you see PROCHOT 100°C light up red on the main screen, this confirms that the CPU reached the thermal throttling temperature even if this only happened for a millisecond. I would trust this data more than anything else to confirm throttling. The CPU will set this flag within the CPU whether ThrottleStop is running or not. If you start ThrottleStop after a thermal throttling episode, ThrottleStop will immediately show PROCHOT 100°C in red. Some people have noticed this when first booting up. Great thermal design when a laptop cannot even boot up without overheating.
After the CPU cools down a little, you can click on PROCHOT 100°C to reset this flag within the CPU.
Post some screenshots and post a log file after you do some gaming. Some thermal throttling is OK. Some users barely notice any decrease in performance as long as the CPU temperature does not get too out of hand.