The Intel Core i5-1240P is a mid-range Alder Lake-P family SoC designed for use in ultra-light, ultra-thin (yet actively cooled) laptops. It was announced in early 2022 and it has 4 performance cores as opposed to the 6 cores of the top-of-the-line i7-1280P (P-cores, Golden Cove architecture) mated to 8 efficient cores (E-cores, Gracemont architecture). The i5's P-cores are Hyper-Threading-enabled for a total of 16 threads when combined with its E-cores. The clock speeds range from 1.7 GHz to 4.4 GHz for the performance cluster and 1.2 GHz to 3.3 GHz for the efficient cluster. The shortcomings of this processor as compared with the slightly faster Core i5-1250P include the slightly lower iGPU clock speed and the limited vPro feature set ("Essentials" tier only, not allowing for remote device management).
The i5 is a continuation of Intel's efforts to use the ARM-developed big.LITTLE technology for its own benefit. A single "little" Alder Lake core is supposed to be as fast as a Skylake core (as found in the venerable Core i7-6700HQ among other options) which is six years old at this point. All of Core i5-1240P's CPU cores enjoy access to 12 MB of L3 cache. The integrated memory controller supports various memory types up to LPDDR5-5200, DDR5-4800, LPDDR4x-4267 or DDR4-3200; Intel recommends using no more than 64 GB of RAM, for reference. Just like the other 12th Gen Intel Core processors, this Core i5 comes with the Thread Director which is a new functionality designed to help Windows 11 decide which cores to use for what workload for best performance and efficiency possible. Hardware acceleration of AI algorithms is supported via GNA 3.0 and DL Boost (via AVX2). PCI-Express 5.0 support has not found its way into Alder Lake P processors, so users will have to be content with PCI-Express 4.0 for the time being. Four PCI-Express 4 lanes allow for a read/write rate of up to 7.9 GB/s, provided a suitably fast NVMe SSD is used.
Please note this is not a user-replaceable CPU. It gets soldered permanently on to the motherboard (FCBGA1744 socket interface).
Multi-thread performance is most comparable to AMD Ryzen 5 5500U, Ryzen 5 5600U and, surprisingly enough, Intel Core i5-1250P, making Core i5-1240P a great processor for most consumers. Content creators and gamers will be better served by an H-class CPU such as the mighty Intel Core i7-12700H, though.
A decent cooling solution as well as high Power Limits are required to make the most of this Core i5.
The built-in graphics adapter in the form of the 80 EU Iris Xe running at up to 1.3 GHz has seen little change from what was built into certain Tiger Lake-UP3 processors, like an i5-1135G7, which is hardly a downside as this iGPU is loaded with modern features such as AV1 video decoding capability and SUHD 4320p monitor support. You can use up to 4 monitors simultaneously with this GPU, provided the laptop has the outputs required. The Xe isn't a stranger to a bit of casual gaming; that said, your mileage may vary depending on how high the Power Limits are and how capable the cooling solution of a laptop is. Expect something close to NVIDIA's MX250 or in other words, acceptable framerates in most games when playing at 1080p / Low settings. Fast RAM is a prerequisite for decent performance as the Iris Xe has to make do with no dedicated video memory.
The i5's base power consumption (also known as the default TDP value or Power Limit 1) is 28 W; its maximum Intel-recommended Turbo power consumption (also known as the PL2) is not supposed to exceed 64 W. The "Minimum Assured" power consumption is fairly high at 20 W. All in all, an active cooling solution is pretty much a must for a CPU like this.
This 12th generation Intel processor is built with Intel's third-gen 10 nm process marketed as Intel 7 for decent, as of late 2022, energy efficiency. Despite that, many 7 nm U-class AMD Ryzen 5000 chips will be similarly fast or even faster than the i5 while being less power-hungry.