Newcastle are into the final four after victory over Fulham last night. City, meanwhile, defeated Brentford to reach the semifinal draw, which was held on Wednesday evening.
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Meanwhile, Chelsea - which defeated Cardiff City in their quarterfinal tie - will face either Arsenal or Crystal Palace in their semi.
That quarterfinal tie will be held on December 23 after it was rescheduled to help Palace avoid playing three matches in five days because of their involvement in the Europa Conference League on Thursday.
The semifinals will be played over two legs. The first legs will take place in the week commencing 12 January 2026 with the second-leg fixtures in the week beginning 2 February.
Full Carabao Cup semifinal draw
Chelsea v Arsenal/Crystal Palace
Newcastle v Manchester City