I am on H1B (non cap exempt) currently, if I plan to switch to university or research institute and get a cap exempt H1B, how would both the H1Bs work and affect my immigration journey. Can I come back to industry later and use my non cap exempt H1B?

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Don’t think cap exempt is tied to employer. AFAIK, once a h1 is counted towards cap, it won’t be again for the next 6 years!

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