A
liquid crystal display includes a first substrate and a second substrate opposite to each other with a
liquid crystal layer interposed therebetween, first and second electrodes provided on a side of the first substrate facing the
liquid crystal layer to drive the liquid
crystal layer, and a reflecting layer provided on a part of the side of the first substrate facing the liquid
crystal layer. Each pixel region includes a reflective display region where light incoming from the second substrate is reflected by the reflecting layer toward the second substrate to perform display and a transmissive display region where light incoming from the first substrate is transmitted toward the second substrate to perform display. The liquid
crystal layer has horizontal alignment in an initial alignment state. A first polarizing plate is provided on a side of the first substrate opposite the liquid crystal layer, the first polarizing plate having a transmission axis parallel or perpendicular to an alignment direction of the liquid crystal layer in the initial alignment state. A second polarizing plate is provided on a side of the second substrate opposite the liquid crystal layer, the second polarizing plate having a transmission axis perpendicular to the transmission axis of the first polarizing plate. A resin layer is provided on a side of the second substrate facing the liquid crystal layer, the resin layer having a first resin layer provided in the transmissive display region and a second resin layer provided in the reflective display region. The first resin layer is a λ / 2 phase layer giving a
phase difference of approximately ½
wavelength (
wavelength: λ) with respect to visible light, and a slow axis of the first resin layer and the transmission axis of the first polarizing plate are disposed so as to be parallel or perpendicular to each other. The second resin layer is a λ / 2 phase layer giving a
phase difference of approximately ½
wavelength with respect to visible light, and a slow axis of the second resin layer is set in a direction intersecting the alignment direction of the liquid crystal layer. A step portion is provided between the first substrate and the resin layer in order to make the thickness of the liquid crystal layer in the reflective display region smaller than the thickness of the liquid crystal layer in the transmissive display region. A slope portion having a continuously changing thickness is provided in an end portion of the step portion. The slope portion is disposed in the transmissive display region.