(biweek)ly = once per two week interval = 1/14 day^-1
bi(weekly) = double once per one week interval = 2/7 day^-1
(semiweek)ly = once per half-week interval = 2/7 day^-1
semi(weekly) = half of the rate of once per week interval = 1/14 day^-1
So, we end up with the same two meanings in the end.