A method for making a multibit non-volatile memory cell structure is provided herein. In accordance with the method, a semiconductor substrate (101) is provided, and first and second sets of memory stacks (103, 105, 107, and 109) are formed on the substrate, each memory stack including a control gate (111) and a layer of memory material (113). A source/drain region (123) is then formed between the first and second sets of memory stacks, and a silicide layer (125) is formed over the source/drain region.