Abstract
In this paper, we investigate the Möbius function $\mu_{\mathcal{S}}$ associated to a (locally finite) poset arising from a semigroup $\mathcal{S}$ of $\mathbb{Z}^m$. We introduce and develop a new approach to study $\mu_{\mathcal{S}}$ by using the Hilbert series of $\mathcal{S}$. The latter enables us to provide formulas for $\mu_{\mathcal{S}}$ when $\mathcal{S}$ belongs to certain families of semigroups. Finally, a characterization for a locally finite poset to be isomorphic to a semigroup poset is given.