hpwuschd2.exe is a process belonging to the Hewlett Packard Software Update Scheduler which displays update information regarding HP's range of products.
This program is a non-essential process, but should not be terminated unless suspected to be causing problems.
Non-system processes like hpwuschd2.exe originate from software you installed on your system. Since most applications store data in your system's registry, it is likely that your registry has suffered fragmentation and accumulated invalid entries which can affect your PC's performance. It is recommended that you
check your registry to identify slowdown issues.