The two do seem quite similar to eachother but there is a difference. Whereas the semantic web improves the accurancy, sufficiency and, as a result of that, more streamlined World Wide Web by understanding the meaning of actual words and thus making links between different thing Web 3.0 does similar thing but by linking different things together by suggestion. So it could be said that the semantic web is the more savvy/advanced one of the two.
Web 3.0 is the current web 2.0 growing into the new, more advanced 3.0 version whilst the semantic web is built as an extention to our current web 2.0. Quite often the two are branded Web 3.00 together. It could be well possible that, as both ideas are continuesly developing more and more, the two will ultimately merge together with the semantic web becoming an extention to web 3.0 and web 3.0 heavily using the semantic principles toether combining a new webs experience.
Time will tell.
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