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Facebook is building a smartphone, and has tapped Taiwanese cellphone maker HTC to do the honors, reports All Things D.

Code-named “Buffy,” after the television vampire slayer, the phone is planned to run on a modified version of Android that Facebook has tweaked heavily to deeply integrate its services. It will support HTML5 as a platform for applications, according to sources familiar with the project.

Facebook only recently chose HTC. It apparently was also considering Samsung. HTC has made at least two phones already with dedicated Facebook buttons; The Salsa and ChaCha, which have Facebook buttons. They were introduced earlier this year. A new Facebook phone, if it appears at all, may not hit the shelves for 12 to 18 months.

Phones like HTC’s HD2 use a Qualcomm Snapdragon processor, but the Snapdragon S4 makes a world phone – with 4G anywhere. It doubles as a computer. That’s especially handy for the Chinese and Indian markets.

All Facebook has to do is kill off the incumbent carriers.

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