Well, without parts from Intel, Qualcomm and ARM, we won’t have to worry about having to put up with Huawei’s own proprietary, likely spyware riddled OS. They won’t be able to produce handsets anymore at all for the time being.
My prediction: they’re gone for good from western markets. I guess the Chinese will still buy the stuff once they’ve managed to copy the necessary parts for the domestic market.
This won’t be great for Google, though - Huawei’s own communist state OS has an excellent chance at replacing Android in China. Meaning that the entire market might be lost for Google. This might also spill over to Russia.
At the same time, Europe has started mobilizing against Google’s handling of European users’ private data. This and next year will undoubtedly be very tough on Google.