SAN JOSE, Calif. (

TheStreet

) -- Worldwide chip sales in February were $22 billion, a 1.3% decline from January, the Semiconductor Industry Association reports.

February sales rose by 56.2% from February 2009 when sales were $14.1 billion, the SIA said.

"The February sales numbers reflect continued recovery of sales of semiconductors, with demand principally driven by growth in sales of electronic products in emerging economies," said SIA President George Scalise, in a statement Monday. "Unit sales of the two leading demand drivers for semiconductors -- personal computers and cell phones -- are now projected to grow in the low- to mid-teens in 2010. "

The SIA said the 56% year-on-year growth in February was "encouraging," but noted that January and February 2009 marked the low point for the chip industry during the worldwide economic downturn.

"There are encouraging signs that the global economic recovery will continue, and we remain cautiously optimistic that there is upside potential for growth beyond our November forecast for 2010," Scalise said.

-- Reported by Joseph Woelfel in New York.

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