[9.0] Update OTel components to v0.120.x #7050
Open
+2,508
−1,062
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What does this PR do?
Updates OTel components to v0.120.0 in the 9.0 branch. The update for other branches in #6912 is currently blocked. We've unblocked it in 9.0 through #7023, because it blocks other changes that need to land for 9.0 release.
Why is it important?
It unblocks #6937, which should be in 9.0.
Checklist
./changelog/fragments
using the changelog tool