Huawei will replace the US$21b chip orders with its own chips eventually.

https://sg.finance.yahoo.com/news/huaweis-hisilicon-says-long-preparing-u-ban-scenario-053715518--finance.html

The US chip makers will lose US$21b orders from Huawei eventually because of the US sanctions.  The other Chinese telecom and mobile phone makers will also replace foreign chips with China made chips and the US will lose the entire China market eventually.

We've stated before that the global semiconductor slowdown was permanent in 2018.

https://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html