To provide a semitransmission type liquid crystal display having satisfactory reflection characteristics, high reliability and high degree of freedom for setting the balance between reflection display and transmission display and to provide a method for easily manufacturing the same.

In the semitransmission type liquid crystal display having a liquid crystal layer between a pair of substrates, a TFT 230 as a switching element, a laminated electrode 219 consisting of a light shielding film 211 having a light transmission part and a transparent conductive film 210, an insulation film 420 covering the laminated electrode 219 and having a projecting and recessed shape and a reflection part pixel electrode 423 in conduction with a transmission part pixel electrode 216 of the laminated electrode 219 are formed on an array side substrate 200.