A trion is a localized excitation which consists of three charged quasiparticles. A negative trion consists of two electrons and one hole and a positive trion consists of two holes and one electron. The trion itself is a quasiparticle and is somewhat similar to an exciton, which is a complex of one electron and one hole. The trion has a ground singlet state (spins = 1/2) and an excited triplet state (s = 3/2). Here singlet and triplet degeneracies originate not from the whole system but from the two identical particles in it. The half-integer spin value distinguishes trions from excitons in many phenomena; for example, energy states of trions, but not excitons, are split in an applied magnetic field. Trion states were predicted theoretically and then observed experimentally in various optically excited semiconductors, especially in quantum dots and quantum well structures.