Despite all of the rumors of its demise its continued to have a large number of daily commits to it the entire year so far. It’s clearly not “dead” I think medium to long term it still becomes the uber unified cross device operating system for them.
Chrome is taking a dependency on Androids underlying networking stack for now and picking up the ability to essentially run it in a VM and Android itself is also picking up the ability to run Fuchsia in a VM.
Fuchsia is picking up the ability to have full Linux compatibility as well via their Starnix efforts.
All of the pieces are starting to come together to make that more and more seamless until presumably at some point they are ready to start calling them the same thing fundamentally.