Current multicores face the challenge of sharing resources among the different processor cores. Two main shared resources act as major performance bottlenecks in current designs: the off-chip main memory bandwidth and the last level cache. Additionally, as the core count grows, the network on-chip is also becoming a potential performance bottleneck, since traditional designs may find scalability issues in the near future.Memory hierarchies communicated through fast interconnects are implemented in almost every current design as they reduce the number of off-chip accesses and the overall latency, respectively. Main memory, caches, and interconnection resources, together with other widely-used techniques like prefetching, help alleviate the huge memory access latencies and limit the impact of the core-memory speed gap. However, sharing these resources brings several concerns, being one of the most challenging the management of the inter-application interference. Since almost every running application needs to access to main memory, all of them are exposed to interference from other co-runners in their way to the memory controller. For this reason, making an efficient use of the available cache space, together with achieving fast and scalable interconnects, is critical to sustain the performance in current and future designs. This dissertation analyzes and addresses the most important shortcomings of two major shared resources: the Last Level Cache (LLC) and the Network on Chip (NoC).First, we study the scalability of both electrical and optical NoCs for future multicores and many-cores. To perform this study, we model optical interconnects in a cycleaccurate multicore simulation framework. A proper model is required; otherwise, important performance deviations may be observed otherwise in the evaluation results.The study reveals that, as the core count grows, the effect of distance on the end-to-end latency can negatively impact on the processor performance. In contrast, the study also shows that silicon nanophotonics are a viable solution to solve the mentioned latency problems.This dissertation is also motivated by important design concerns related to current memory hierarchies, like the oversizing of private cache space, data replication overheads,