The invention discloses a dynamic random access memory element with embedded flash memory and a method for manufacturing same, which comprise a semiconductor substrate with a DRAM array area and a peripheral area, wherein the peripheral area comprises an embedded flash memory forming area and a first transistor forming area. A plurality of DRAM memory units are arranged in the DRAM array area. A flash memory is disposed in the embedded flash memory forming area, wherein the flash memory comprises an ONO memory structure and a flash memory gate structure. A first transistor is disposed in the first transistor forming area.