the US's goal was never to stop selling to Huawei altogether, it's to prevent Huawei from moving up the value chain, i.e designing their own SOC. It's the same reason why other Chinese companies like Xiaomi and Oppo are not included in the entity list. You can bet once they starts to develop their own CPU, or their own OS, they would be immediately placed on the entity list because of "national security" reasons.

It should be easier to get license to sell ready-made components to Huawei.