To provide a display device having high light utilizing efficiency so as to be effective to both a transmission mode and a reflection mode.

A stripe-shaped transparent electrode group 3 is formed on a glass substrate 2, a stripe-shaped light reflecting metal layer is deposited on the transparent electrode group 3, a light transmission part is patterned, and an orientation layer 6 is formed. A structure formed by combining a color filter 7a wherein transparent fine particles are dispersed and a color filter 7b wherein the transparent fine particles are not dispersed is formed on a glass substrate 1, an over coating layer 8 and a stripe-shaped transparent electrode group 9 are further successively formed thereon, and an alignment layer 10 is further formed.