We already have high-quality thermal conductors and its name is copper. And copper runs throughout the inside of all of our chips.
I have severe doubts that any "heat semiconductor" would have the same thermal-conductance as copper (or copper heatpipes, and other such heat-devices we have today).
But copper is conductive, so it will conduct electricity too. This could possibly be placed in areas where copper can't be, maybe even much closer to (or even directly contacting) the actual copper traces in the chip.
Unfortunately I don't know enough about CPU manufacturing to speculate much more than that.
In any case, modern material science provides us with plenty of useful insulators, conductors, thermal-conductors (but not electrical), semiconductors, and now semi-heat conductors (erm, thermal semiconductor?)
I don't expect the thermal semiconductor to be replacing any of the other materials we already use. Instead, we will find new discoveries and applications for things I can barely imagine.
I have severe doubts that any "heat semiconductor" would have the same thermal-conductance as copper (or copper heatpipes, and other such heat-devices we have today).