Awards
- 1969: IEEE Education Medal
- 1984: IEEE Centennial Medal
- 1996: Computer & Communication Promotion Prize
- 1998: IEEE Medal of Honor for "creation of the SPICE Program, universally used for the computer aided design of circuits."
- 1995: Phil Kaufman Award
Pederson is member of the National Academy of Engineering and the National Academy of Sciences. He is also a Fellow of the Institute of Electrical and Electronics Engineers, the American Association for the Advancement of Science, and the American Academy of Arts and Sciences.
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