The CPU locking reference article from the English Wikipedia on 24-Apr-2004
(provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

CPU locking

For thoughtful child sponsors
The locking of a central processing unit (CPU) means it has a fixed, preset clock multiplier. CPUs generally are either sold unlocked, locked (but unlockable with some difficulty), or locked to the point where no single individual has been known to successfully unlock it.

AMD's CPU locking practices usually entail the release of unlocked CPUs for early sales of a new model, then the locking of all CPUs of that model thereafter. AMD CPUs are generally unlockable. However, CPUs from Intel for example are released locked, and are completely unable to be unlocked. This has the benefit of preventing fraud in that a CPU can not be passed off as being a faster model than it actually is, but it places limits on what speed a consumer chooses to run their CPU at.

The practice of unlocking CPUs requires some skill. It is done for one of three reasons:

Unlocking a CPU has its pitfalls: it will invalidate the manufacturer's warranty, and a mistake in the unlocking process can potentially destroy the CPU's ability to function properly. Usually an unlocked state is realised by connecting jumper-like points (referred to as bridges) on the CPU's surface together with a conductive material, such as pencil lead or special paint. Different CPU models require different procedures to be unlocked; usually the serial number marked on a unit belies what model it is and thus (with some research) what is required to perform the procedure.