Time monitoring in a processing element and use

System and method for controlling thread execution via time monitoring circuitry in a processing element. Execution of a thread may be suspended via a thread suspend/resume logic block included in the processing element in response to a received suspend thread instruction. An indication of a wakeup time may be received to a time monitoring circuit (TMC) included in the processing element. Time may be monitored via the TMC using a clock included in the processing element, until the wakeup time obtains. The thread suspend/resume logic block included in the processing element may be invoked by the TMC in response to the wakeup time obtaining, thereby resuming execution of the thread.