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Inter Milan made an explosive start, opening the scoring with 30 seconds on the clock courtesy of a cheeky back-heel from Marcus Thuram, the quickest goal in a Champions League semi-final.
India defeated New Zealand by four wickets to win the Champions Trophy at the Dubai International stadium.
Phillips produced a spectacular catch on Sunday to dismiss Shubman Gill.
The last time the two teams met in a Champions Trophy final was in 2000, when New Zealand won the trophy by defeating India by four wickets.
The second semifinal was the last match of this tournament held in Pakistan.
India will face Australia in the first semi-final, while New Zealand will face Group B champions South Africa in the second semi-final at Lahore.
With this victory, South Africa joined Australia in the semifinals from Group B.
Afghanistan needs England to defeat South Africa by a huge margin to get to the semifinals of the Champions Trophy.
Pakistan have crashed out of the Champions Trophy.
Australia's score of 356-5 surpassed England's total to rewrite the record books.
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