imul rcx, rcx, 1374389535
shr rcx, 37
imul edi, ecx, 100
mov r8d, edx
sub r8d, edi
movzx edi, WORD PTR .LC2[r8+r8]
mov WORD PTR [rsi], di
So if our example input is 12345, the first two instructions use the field-inverse property to compute "123" with multiply rather than divide (1 clock, latency 4), then multiply up again to get "12300", then subtract that to get "45". That can then be looked up at position 45+45 in the string "00010203040506070809101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899" to give you the two digits.
Yeah. There's some great benchmarking and tips: https://www.zverovich.net/2013/09/07/integer-to-string-conve...
Godbolt example: https://godbolt.org/z/M4b353PKv of which the meat is
So if our example input is 12345, the first two instructions use the field-inverse property to compute "123" with multiply rather than divide (1 clock, latency 4), then multiply up again to get "12300", then subtract that to get "45". That can then be looked up at position 45+45 in the string "00010203040506070809101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899" to give you the two digits.