ZTE was not a name many Americans would've recognized until very recently.
Most of us, if we knew the Chinese brand at all, viewed it as a maker of low-end smartphones sold by AT&T and Verizon. According to Counterpoint Research, ZTE captured 11 percent of the U.S. smartphone market in the first quarter, behind Apple, Samsung and LG.
Now ZTE is making headlines daily. Last month, the U.S. banned the company from purchasing parts from U.S. manufacturers because it was selling equipment with American parts to Iran and North Korea.