Nothing "happened to" the Semantic Web. It's here, and it's growing in utility and capability as the technology matures. What isn't necessarily growing is understanding of what the Semantic Web really is, who it's for, how to use SemWeb capabilities, etc.
I'll accept some responsibility for that last bit, as somebody who has been active in promoting, and advocating for the adoption of, SemWeb tech. I could do more / do a better job in that regard.