Even if your PC doesn't shut down, or the chip doesn't just "fry" (fatal failure?), operating any IC (intergrated circuit, or "chip", including CPU)at higher than specified temperatures actually reduces their lifetime. In other words, your chip will fail sooner if you run it hotter. For example, if CPU is guaranteed to operate for 15 years at 60 C, and you run it at 150 C (overclocking or not enough cooling), it may fail in 1 or 2 years or even less.
