At the G20 summit, President Trump announced that US companies will continue selling to Huawei. Products that are “widely available” (including microchips) are in the clear. So, now Huawei is waiting on word from the US Department of Commerce on whether it can restart using Google’s Play Services for Android.
It’s unclear if these services can be classified as “widely available”. The key deciding factor seems to be if things are considered a national security issue or not, but there’s no specific guidance at the moment.
Note that the 90 day delay of the ban is only about half way…