The PIC16C505 is an 8-bit microcontroller with 1024 bytes of program memory and 72 bytes of data memory. It uses a Harvard architecture with separate program and data buses. The PIC16C505 has a RISC-style architecture with 33 single-cycle instructions. It includes features like an 8-bit ALU, 8-bit working register, STATUS register, and Timer0 module. The device comes in 14-pin packages and supports features like in-circuit serial programming and various oscillator options.