I'm assuming you're talking about integrated circuits like a CPU/GPU? If so, outright melting/burning is unlikely. High temperatures can speed up electromigration, decreasing the lifespan of the chip.
https://en.wikipedia.org/wiki/Electromigration#Thermal_effects
I think high temperatures would also increase the likelihood/rate of transistor gate dielectric breakdown, also reducing lifespan. In the presence of sufficiently high voltage, this could cause failures nearly instantly.
For things like capacitors, high heat can increase the rate of dielectric evaporation (for liquid electrolytic capacitors) or dielectric degradation (polymer caps), reducing the lifespan of the capacitor.