This topical review presents an overview on novel concepts for light emitting diodes (LEDs) and lasers for the near infrared to the THz regime. GaSb-based quantum well lasers are shown to be a promising concept for laser from the near to mid infrared. The GaSb-based edge-emitting lasers offer low thresholds for wavelengths ranging from about 2 to 3.7 μm. However, the development of vertical-cavity surface-emitting lasers and other advanced laser concepts is lagging behind due to material issues and complicated process technology. InP-based type-II quantum wells are an innovative concept for sources emitting in the wavelength range from 2 to 4 μm. This concept combines extended long wavelength emission with the reliable process technology of the already well-established InP-based lasers. Based on this, we present LEDs up to 3.5 μm wavelength, surface emitting lasers at 2.5 μm wavelength and edge emitting lasers up to 2.7 μm. For longer wavelengths, the so-called GaSb-and InAs-based interband cascade lasers can be used operating up to about 7 μm. The mid infrared range between 3 and 20 μm is also covered by quantum cascade lasers (QCL), which are dominating especially in the longer wavelength range above 7 μm. The far infrared reaching to the THz regime is exclusively covered by QCL. While for decades the only available semiconductor laser source for the far infrared and THz range was the direct THz QCL, recent progress demonstrated THz emission in nonlinear mid infrared QCLs. These devices are emitting THz by a nonlinear frequency conversion process, which allows operation at room temperature and beyond. Tunable THz lasers were demonstrated using both monolithic tuning mechanisms and an external cavity approach.