A high-performance on-module caching architecture for hybrid memory modules is provided. A hybrid memory module includes a cache controller, a first volatile memory coupled to the cache controller, a first multiplexing data buffer coupled to the first volatile memory and the cache controller, and a first non-volatile memory coupled to the first multiplexing data buffer and the cache controller, wherein the first multiplexing data buffer multiplexes data between the first volatile memory and the first non-volatile memory and wherein the cache controller enables a tag checking operation to occur in parallel with a data movement operation. The hybrid memory module includes a volatile memory tag unit coupled to the cache controller, wherein the volatile memory tag unit includes a line connection that allows the cache controller to store a plurality of tags in the volatile memory tag unit and retrieve the plurality of tags from the volatile memory tag unit.
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