This isn't because the US broke up their chip monopolies, though. This is because chip companies believed they could save money by shipping their expertise overseas and building things there instead. And they were right. They only had to put the US's economic future in jeopardy to do it.
I think there's two big things wrong with this. For one China is actually breaking up its tech companies or even culling entire sectors, like education tech, as they do in AI, this kind of argument is basically just American oligopolists inventing a red scare to stave off regulation.
Secondly American companies have a lot of trouble abroad, in gigantic markets like the EU and increasingly India and Japan with stricter privacy regulation on the way because they're so large. So if anything, American anti trust would send a good signal to most markets that the US is in line with global trends.
You would rather ruin everyone else than have a functional economy? That says a lot about you.