We study closed invariant subsemigroups S of Lie groups G which are Li
e semigroups, i.e., topologically generated by one-parameter semigroup
s. Such a semigroup S is determined by its cone L(S) of infinitesimal
generators, a dosed convex cone in the Lie algebra L(G) which is invar
iant under the adjoint action. First we investigate the structure of L
ie algebras with invariant cones and give a characterization of those
Lie algebras containing pointed and generating invariant cones. Then w
e study the global structure of invariant Lie semigroups, and how far
Lie's third theorem remains true for invariant cones and Lie semigroup
s. Finally we describe the Bohr compactification S(b) of an invariant
Lie semigroup. Most remarkably, the lattice of idempotents of S(b) is
isomorphic to a certain lattice of faces of the cone dual to L(S).