That and if you can remove all cooling, not just cost savings, but in some cases being able to remove active cooling and less moving parts is always an engineering win win.
I don't think it's that a 700C chip doesn't need cooling the way a 90C chip does; it's that the delta between 700C and room temperature means that a much smaller and much more passive cooling apparatus may be sufficient.
However, space craft would be where being able to run hotter would significantly reduce the size and complexity of cooling systems, as they can only use radiative cooling bleed off the heat they generate into space.
Imagine... a smart rice cooker where the heating element is its own embedded system running some kind of awful javascript-based OS and monitoring stack optimised for maximum waste heat. When the rice is done the system emails you and then issues itself an ACPI shutdown.
I've seen a diamond FET operating at 700°C. Devices like that could use the Venusian atmosphere for cooling.
... ok I'm reading about the material properties of SiC and it's insanely complex so I'm just going handwave and say that α-SiC has tighter packing with stronger bonds because of the alternating Si and C atoms.
Mixed solids are more sensitive to temperature variations (there's no change on the melting point), but actual chips are already full of mixed materials, and temperature variation isn't the bottleneck. A SiC chip has actually a bit fewer kinds of materials on the mix, but still, probably not enough to make a difference. (Anyway, we are talking about discrete transistors here, so the material count is exactly the same.)
You are probably thinking about pure substance (the ones that only have a single kind of chemical element). If so, you are completely wrong, pure substances usually have a very low melting point, and very few reach as high temperatures as you can get with composed ones.
I'm sure it's possible to build something that could operate at these kinds of temperatures permanently, but it would probably need an RTG (nuclear battery) and may be hard to test it on earth and also allow for thermal expansion and shrinkage (hard to keep the probe at this temperature for the entirety of travel to Venus). We'd also need to design lubricants for gears, cameras and sensors that can tolerate a wide range of temperatures, etc.
The upside of all this is that there are probably legit industrial use cases here on earth for electronics that are resilient in extreme temperature ranges, and in satellites as well.
But you're right - just because the silicon can go to 500C doesn't mean there aren't a gazillion other problems. You can't even use normal solder at that temperature.
The issue with Venus is really cost vs benefit any probe would have a very short life span as in hours to maybe maybe days.
At the same cost you can send probably multiple missions to Mars that would last months if not years.
We had probes on Venus using 1960’s technology we can do that again. Selling the political oversight and even the public on this however is far harder than designing and building them.