Downhole oilfield tools commonly use microcontrollers beyond their temperature rating. Microchip PICs are quite popular for this market, some of them operate well at temperatures to 200C. I have also seen TMS320 series used downhole.
I have a TMS 320 series microcontroller on the instrument, when the temperature of the instrument exceeds 75 degrees Celsius, the output data of the micro is not correct, how can I reduce the temperature of the micro? Is it correct to use a heatsink? I have limited space in my tools.
You could use a peltier cooler to gain a few degC but if you are running on battery power, that's not going to work.
The proper solution is to use components which work at high temperature, either rated by the manufacturer, or by you after your own quailification testing.
I would be surprised if your TMS320 really is failing at anything below 100degC. Perhaps some analog inputs are going awry and TMS320 is making decisions on bad inputs, that would not be a MCU fault. Also check your clock speed, lowering it can help at higher temperatures.