The present application has disclosed an MIM capacitor of an embedded structure, wherein an interlayer film is formed between a first metal wire layer and a second metal wire layer; the MIM capacitor is formed on the surface of the interlayer film; a capacitor lower electrode is connected to the first metal wire layer by means of a bottom first via, the first metal wire layer is connected, by means of a second via outside the capacitor lower electrode, to a lower electrode lead-out structure formed by the second metal wire layer; and an upper electrode lead-out structure formed by the second metal wire layer covers the surface of the capacitor upper electrode of the MIM capacitor. The present application has further disclosed a method for manufacturing an MIM capacitor of an embedded structure. In the present application, the performance and stability of the capacitor can be improved.