Tchebichef polynomials (TPs) play a crucial role in various fields of mathematics and applied sciences, including numerical analysis, image and signal processing, and computer vision. This is due to the unique properties of the TPs and their remarkable performance. Nowadays, the demand for high-quality images (2D signals) is increasing and is expected to continue growing. The processing of these signals requires the generation of accurate and fast polynomials. The existing algorithms generate the TPs sequentially, and this is considered as computationally costly for high-order and larger-sized polynomials. To this end, we present a new efficient solution to overcome the limitation of sequential algorithms. The presented algorithm uses the parallel processing paradigm to leverage the computation cost. This is performed by utilizing the multicore and multithreading features of a CPU. The implementation of multithreaded algorithms for computing TP coefficients segments the computations into sub-tasks. These sub-tasks are executed concurrently on several threads across the available cores. The performance of the multithreaded algorithm is evaluated on various TP sizes, which demonstrates a significant improvement in computation time. Furthermore, a selection for the appropriate number of threads for the proposed algorithm is introduced. The results reveal that the proposed algorithm enhances the computation performance to provide a quick, steady, and accurate computation of the TP coefficients, making it a practical solution for different applications.