Fifth-seeded Kuznetsova defeated Srebotnik 7-6 (5), 6-2 and will face the winner of Saturday's other semifinal between Russians Dinara Safina and Nadia Petrova.
After a closely contested first set, Kuznetsova took control in the second set, breaking Srebotnik three times.
Kuznetsova broke Srebotnik with a backhand down the line in the seventh game to go ahead 5-2.
She held a 40-love lead in the final game but Srebotnik fought back to deuce, but Kuznetsova won it with a serve on her fourth match point.
Kuznetsova beat top-seeded Jelena Jankovic to reach Saturday's semifinal. Srebotnik upset Olympic gold medalist and third-seeded Elena Dementieva.
Kuznetsova, who won the U.S. Open in 2004, will be bidding for her first title of 2008. Her last Tier I singles title was in 2006 in Miami.
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