Scale-up fabrics connecting GPUs and AI accelerators carry tensor transfers together with remote reads, writes, atomics, and notifications over shared target-side receiver resources. Byte-denominated credits protect link buffers and streaming HBM traffic, but poorly represent small operations dominated by Atomic execution or response injection. This paper presents SemaCredit, a receiver controller that admits each remote-memory operation against a vector of target-resource demands and returns each component when its corresponding HBM, Atomic, or response stage completes. In a deterministic event simulator with multipath queues, eight HBM partitions, a serialized Atomic engine, and a response engine, SemaCredit matches a strong per-resource byte baseline on HBM-hotspot traffic while reducing small-operation P99 latency by 52.4% under Atomic contention and 10.2% under response incast. Application-shaped mixes show 57.7% and 14.5% P99 latency improvements for AllReduce-shaped and remote-read-shaped traffic while matching byte credits on HBM-dominated MoE traffic.

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